NOT LISTED FOR SALE

1931 Lovers Gap Rd Vansant, VA 24656

-- Bed
-- Bath
-- Sq Ft
1985 Built

Last Sold November 21, 2019

Last sale price $400,000

132 Days on Market

Highlights

  • Creek or Stream View
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of November 2019

Excellent Investment Portfolio with an immediate 12+% ROI, and with the final office space rented, will bring as much as a 17+% ROI. This property consists of 4 structures. Structure #1 is a free standing commercial building, currently rented by the US Post Office for over 30 yrs, and renew with long term contracts. Structure #2 is an 8,000 SqFt free standing commercial building with 4 office spaces consisting of 2000 SqFt each. Three of these office spaces are rented, and renew with long term contracts. Structures #3 & #4 are single family dwellings that have been rented by the same tenants for decades. Both residential structures can also be utilized as commercial offices if desired. Both commercial structures are GSA (Government Services Approved), and automatically renew every year. Each structure has been remodeled, has new metal roofs, HVACS, and so much more. All details, including the 2018 P&L are on file. Call listing agent for appointment.

Last Agent to Sell the Property

Elaine Crawford

KW Johnson City License #289518 Listed on: 07/10/2019

KW Johnson City

Last Buyer's Agent

Elaine Crawford

KW Johnson City License #289518 Listed on: 07/10/2019

KW Johnson City

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • Level Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Creek or Stream Views

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Community Details

  • 4 Buildings
  • Gross Income $78,696

Listing and Financial Details

  • Assessor Parcel Number 2HH185047 ENLG B

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Directions: From I-81, take Exit 14 onto VA-140 toward Abingdon, US-19N. R on Old Jonesboro Rd, R on W. Main St, L on Porterfield Hwy, L on Redbud Hwy, R onto Putnam Bypass, continue onto Drill Rd, L onto Robinson Ford Rd, R onto Deskins, R onto Lovers Gap Rd, Properties on R.
  • Prop. Type: Residential Income
  • Year Built: 1985
  • Property Sub Type: Other
  • Unit Levels: Two, One
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 2HH185047 ENLG B
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: Comm-MF-Res
  • General Property Description Elementary School3: Out Of Area
  • General Property Description Middle School2: Out Of Area
  • General Property Description High School3: Out Of Area
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: N/A
  • AC Central Air: Yes
  • TopographyLot Description Level2: Yes
  • AC Heat Pump3: Yes
  • View CreekStream: Yes
  • Roof Metal3: Yes
  • General Property Description # Buildings: 4
  • General Property Description Total Units: 1
  • Levels:Two: Yes
  • Levels One: Yes
  • Special Features: None

Exterior Features

  • Property Condition: Above Average
  • Roof: Metal
  • Lot Features: Level
  • View: Creek/Stream
  • Construction Type: Brick
  • Exterior Finish Brick4: Yes

Utilities

  • Heating: Heat Pump, Central
  • Sewer: Public Sewer
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Out Of Area
  • High School: Out Of Area
  • Middle Or Junior School: Out Of Area

Lot Info

  • Zoning: Comm-MF-Res
  • Lot Dimensions: N/A
  • Parcel #: 2HH185047 ENLG B

Multi Family

  • Annual Gross Income: 78696.0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2019 11/21/19 Sold $400,000 -20.0% --
11/20/2019 11/20/19 Pending -- -- --
07/10/2019 07/10/19 For Sale $499,900 -- --
Source: Tennessee/Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Elaine Crawford

    Seller's Agent in 2019

    Elaine Crawford

    KW Johnson City

    (818) 432-1500

    113 Total Sales

    Elaine Crawford
    Section Image
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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 424236

Tennessee/Virginia Regional MLS
Virginia Buchanan County Vansant 24614

1931 Lovers Gap Rd, Vansant, VA

This home is located at 1931 Lovers Gap Rd, Vansant, VA 24656 since 10 July 2019. This property was built in 1985. 1931 Lovers Gap Rd is a home located in Buchanan County with nearby schools including Riverview Elementary/Middle School and Grundy High School.

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