$425,000

201 S Main St Gretna, VA 24557

Estimated payment $2,433/month

Total Views 16
-- Bed
-- Bath
10,004 Sq Ft
$42 Price per Sq Ft

Highlights

  • Paneling
  • Forced Air Heating and Cooling System
  • Carpet
  • Gretna Elementary School Rated A-

About This Home

Investment opportunity! This two-story property features a retail space on the ground level and seven residential units on the second floor. The residential units consist of six efficiency apartments and one 1-bedroom unit. Each unit is equipped with washer/dryer connections, ranges, refrigerators, and insulated windows. Tenants enjoy the comfort of central air and heat, provided by separate heat pump. The main-level retail space, while currently vacant, offers a lease potential of $1,500.00 to $2,500.00 per month. It has oil heat and central air. Owner covers insurance, electricity for common areas, exterior maintenance, water/sewer, and property taxes. Showings for one apartment unit and the street-level retail space can be scheduled prior to contract signing. The remaining six residential units will be shown post-contract, with buyer approval required at the time of any inspections. Don't miss this unique opportunity to own a mixed-use property with great rental income potential!

Listing Agent

Robert Dawson

BHHS Dawson Ford Garbee License #0225036912 Listed on: 11/04/2025

BHHS Dawson Ford Garbee

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,498

Year Built

  • Built in 2004

Lot Details

  • 0.26 Acre Lot

Parking

  • On-Street Parking

Interior Spaces

  • 10,004 Sq Ft Home
  • Paneling

Flooring

  • Carpet
  • Vinyl

Schools

  • Gretna Elementary School
  • Gretna Midl Middle School
  • Gretna High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • 1 Separate Water Meter
  • Net Lease
  • Electric Expense $576
  • Insurance Expense $2,772
  • Water Sewer Expense $1,800
  • New Taxes Expense $2,498

Listing and Financial Details

  • Assessor Parcel Number 2530-16-3949

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,498

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Directions: S Main Street to #201.
  • Days On Market: Yes
  • Prop. Type: Multi-Family
  • Year Built: 2004
  • Garage Yn: No
  • Taxes Expense: 2498.00
  • Property Sub-Type: Multi-Family
  • Unit Info Number Unfurnished Units: 8
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl
  • Walls: Drywall, Paneling

Garage/Parking

  • Parking Features: On-Street

Utilities

  • Cooling: Central Electric, Heat Pump
  • Sewer: City
  • Water Heater: Electric
  • Heating: Forced Warm Air-Oil, Heat Pump
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 1800.00

Schools

  • Elementary School: Gretna Elem
  • High School: Gretna High
  • Middle School: Gretna Midl
  • Junior High Dist: Pittsylvania

Lot Info

  • Acres: 0.2600
  • Lot Size Sq Ft: 11326.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 2530-16-3949

Rental Info

  • Sub Lease: No
  • Types Of Leases: 1 Year Lease
  • Owner Pays: Exterior Maintenance, Lawn Care, Sewer, Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00

Tax Info

  • Estimated Taxes: 2498

Multi Family

  • Electric Expense: 576.00
  • Number Of Units Total: 8
  • Existing Lease Type: Net
  • Insurance Expense: 2772.00
  • Number Of Separate Water Meters: 1

Map

Range of Values:

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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
11/04/2025 11/04/25 For Sale $425,000 -- $42 / Sq Ft
Source: Lynchburg Association of REALTORS®

Source: Lynchburg Association of REALTORS®

MLS Number: 362917