NOT LISTED FOR SALE

206 Ambrose Dr Chilhowie, VA 24319

24 Beds
1 Bath
1,536 Sq Ft
1.63 Acres

Last Sold February 28, 2020

Last sale price $505,000 $329 Per Sq Ft

114 Days on Market

Highlights

  • 1.63 Acre Lot
  • Newly Painted Property
  • Cooling Available
  • Chilhowie High School Rated 9+
  • Paneling
  • Baseboard Heating

About This Home

As of February 2020

This is an excellent income-producing opportunity. This is a multi-family rental complex consisting of 6 duplex apartments (12 units in all). All units are well-maintained and many recent up-dates have been made. The parking lot is freshly paved. Each building is served by a separate septic system. New risers have just been added to each septic and all were just pumped. New water meters have been purchased and are being installed. All 12 units will have individual water meters and tenants will pay their own water bill. Each unit also has it's own electric meter and tenants pay their own electric bill. A new concrete slab was just installed for a community trash dumpster. Some units are freshly painted and have new floor coverings. Six units have heat pumps which have just been thoroughly serviced. Six units have electric baseboard heat and tenants can install their own window unit A/C. Most water heaters have been recently replaced. All units were recently pressure washed.

Last Agent to Sell the Property

Dorothy Greer

Heartland Real Estate Inc. License #0225036943 Listed on: 09/28/2019

Last Buyer's Agent

Ryan Cummins

RE/MAX Landmark Real Estate License #0225258315

RE/MAX Landmark Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,155

Year Built

  • Built in 1998

Lot Details

  • 1.63 Acre Lot
  • Lot Dimensions are 197 x 323 x 243 x 327
  • Property is in good condition

Home Design

  • Newly Painted Property
  • Block Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,536 Sq Ft Home
  • Paneling
  • Insulated Windows
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Stove
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 1 Bathroom

Parking

  • Paved Parking
  • Open Parking

Outdoor Features

  • Exterior Lighting

Schools

  • Chilhowie Elementary And Middle School
  • Chilhowie High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Not Available
  • Electric Water Heater
  • Septic Tank
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $490
  • Tax Lot 217E

Community Details

Overview

  • 12 Units

Building Details

  • Gardener Expense $55
  • Insurance Expense $3,350
  • Gross Income $5,790
  • Net Operating Income $5,790

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,155

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.63
  • Lot Size: 197 x 323 x 243 x 327
  • Road Surface Type: Paved
  • Directions: From Marion, travel south on I-81 and take Exit 35. Turn left on Whitetop Road and travel 6.2 miles. Turn left on Ramblewood Drive and travel 0.5 miles. Turn left on Ambrose drive which is the parking lot for the subject property.
  • Above Grade Finished Sq Ft: 1536
  • Structure Type: Multiple Buildings, Side by Side
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Appliances: Range Hood, Range/Oven, Refrigerator, Electric Water Heater, 2 Bdrm-Stove, 2 Bdrm-Refrigerator
  • Other Equipment: Satellite Dish
  • Has Basement: Crawl Space
  • Total Bedrooms: 24
  • Fireplace Features: None
  • Flooring: Vinyl, Carpet, Newer Floor Covering
  • Interior Amenities: Paneling, Newer Paint, Other
  • Living Area: 1536
  • Window Features: Insulated Windows

Exterior Features

  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Vinyl Siding, Dry Wall
  • Exterior Features: Lighting
  • Foundation Details: Block
  • Property Condition: Exterior Condition: Good, Interior Condition: Good
  • Roof: Shingle

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Paved

Utilities

  • Laundry Features: In Kitchen
  • Security: Smoke Detector(s)
  • Cooling: Central Air,Wall/Window Unit(s),Electric,Other
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Heat Pump, Heat Pump/Baseboard Elect
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Septic Tank
  • Utilities: Cable Connected, Natural Gas Not Available
  • Water Source: Public

Schools

  • Elementary School: Chilhowie
  • High School: Chilhowie
  • Middle Or Junior School: Chilhowie

Lot Info

  • Lot Size Sq Ft: 71002.8
  • Zoning: R
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 5790
  • Insurance Expense: 3349.6
  • Property Net Operating Income: 5790
  • Number Of Units Leased: 10
  • Total Actual Rent: 490
  • Above Grade Finished Area Units: Square Feet
  • Gardner Expense: 55

Tax Info

  • Tax Annual Amount: 3155.36
  • Tax Lot: 217E
  • Tax Map Number: 76-A-217E
  • Tax Year: 2018

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 Change Sq Ft Price
02/28/2020 02/28/20 Sold $505,000 -12.2% $329 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
09/29/2019 09/29/19 For Sale $575,000 -- $374 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dorothy Greer

    Seller's Agent in 2020

    Dorothy Greer

    Heartland Real Estate Inc.

    (276) 759-1880

    5 in this area

    52 Total Sales

    Section Image
  • Ryan Cummins

    Buyer's Agent in 2020

    Ryan Cummins

    RE/MAX

    (276) 768-9539

    103 Total Sales

    Section Image
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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 71496

Virginia Smyth County Chilhowie 24319

206 Ambrose Dr, Chilhowie, VA

This home is located at 206 Ambrose Dr, Chilhowie, VA 24319 since 28 September 2019. This property was built in 1998. 206 Ambrose Dr is a home located in Smyth County with nearby schools including Chilhowie Elementary School, Chilhowie Middle School, and Chilhowie High School.

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