201 S Main St Gretna, VA 24557
Estimated payment $2,415/month
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 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!
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
Map
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®
MLS Number: 362917
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Ask me questions while you tour the home.