NOT LISTED FOR SALE

433 Whites Mill Rd Abingdon, VA 24210

48 Beds
24 Baths
20,670 Sq Ft
2.07 Acres

Last Sold September 21, 2018

Last sale price $1,075,000 $52 Per Sq Ft

763 Days on Market

Highlights

  • 2.07 Acre Lot
  • Mature Trees
  • Carpet
  • E.B. Stanley Middle School Rated A-
  • Central Air
  • Heat Pump System

About This Home

As of September 2018

24 UNITS FEATURING TWO BEDROOMS, ONE BATH, LIVING ROOM, KITCHEN AND DINING AREA. EACH UNIT HAS WASHER/DRYER HOOK-UP. 12 UNITS ARE FIRST FLOOR UNITS, 12 UNITS ARE SECOND FLOOR UNITS. EACH UNIT CONSIST OF APPROX. 848 SQ. FEET. EACH UNIT HAS TWO ELECTRIC WALL HEAT PUMPS. UNITS ARE CONVENIENT TO DOWNTOWN ABINGDON AND INTERSTATE 81. GREAT INVESTMENT OPPORTUNITY. INCOME IS BASED ON ALL UNITS BEING RENTED AND EXPENSES ARE ESTIMATED.

Last Agent to Sell the Property

Ralph Johnson

Meade Realty License #0225006140 Listed on: 06/28/2016

Last Buyer's Agent

Joshua Coon

Park Hill Realty Group, LLC License #0225237976

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,543

Year Built

  • Built in 1993

Lot Details

  • 2.07 Acre Lot
  • Lot Dimensions are 255 x 353 x 253 x 354
  • Mature Trees

Home Design

  • Brick Exterior Construction
  • Fire Rated Drywall
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 20,670 Sq Ft Home
  • Insulated Windows
  • Crawl Space

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 48 Bedrooms
  • 24 Bathrooms

Parking

  • Paved Parking
  • Open Parking

Outdoor Features

  • Exterior Lighting

Schools

  • Greendale Elementary School
  • E B Stanley Middle School
  • Abingdon High School

Utilities

  • Central Air
  • Heat Pump System
  • Wall Furnace
  • Separate Meters
  • Natural Gas Not Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $500
  • Tax Lot 11

Community Details

Overview

  • 24 Units

Building Details

  • Gardener Expense $1,600
  • Insurance Expense $6,948
  • Other Expense $7,807
  • Gross Income $144,000
  • Net Operating Income $108,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,543

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 2.069
  • Lot Size: 255 x 353 x 253 x 354
  • Road Surface Type: Paved
  • Directions: FROM EXIT 17 OF INTERSTATE 81 GO NORTH ON CUMMINGS STREET TO VALLEY STREET, RIGHT ON VALLEY STREET TO WHITES MILL ROAD, LEFT ON WHITES MILL ROAD, PROPERTY WILL BE ON LEFT.
  • Above Grade Finished Sq Ft: 20670
  • Structure Type: Two Buildings, Up & Down
  • Year Built: 1993
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range/Oven, Disposal, Refrigerator, Electric Water Heater, 2 Bdrm-Dishwasher, 2 Bdrm-Stove, 2 Bdrm-Refrigerator
  • Has Basement: Crawl Space
  • Total Bedrooms: 48
  • Fireplace Features: None
  • Flooring: Vinyl, Carpet
  • Living Area: 20670
  • Window Features: Insulated Windows

Exterior Features

  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Vinyl Siding, Brick, Dry Wall
  • Exterior Features: Mature Trees, Lighting
  • Property Condition: Exterior Condition: Average, Interior Condition: Average
  • Roof: Shingle

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Paved

Utilities

  • Laundry Features: Common Area, Other
  • Cooling: Wall/Window Unit(s),Electric, 2 Bdrm-Central A/C
  • Cooling Y N: Yes
  • Heating: Wall Furnace, Heat Pump, Electric Wall Heat Pumps
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Not Available
  • Water Source: Public

Schools

  • Elementary School: Greendale
  • High School: Abingdon
  • Middle Or Junior School: E B Stanley

Lot Info

  • Lot Size Sq Ft: 90125.64
  • Zoning: R3
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 24
  • Annual Gross Income: 144000
  • Insurance Expense: 6947.52
  • Property Net Operating Income: 108000
  • Number Of Units Leased: 24
  • Total Actual Rent: 500
  • Above Grade Finished Area Units: Square Feet
  • Gardner Expense: 1600

Tax Info

  • Tax Annual Amount: 9543.17
  • Tax Lot: 11
  • Tax Map Number: 005-15-11
  • Tax Year: 2016

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
09/21/2018 09/21/18 Sold $1,075,000 -10.4% $52 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
06/28/2016 06/28/16 For Sale $1,200,000 -- $58 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ralph Johnson

    Seller's Agent in 2018

    Ralph Johnson

    Meade Realty

    (888) 828-3789

    10 in this area

    67 Total Sales

    Section Image
  • Joshua Coon

    Buyer's Agent in 2018

    Joshua Coon

    Park Hill Realty Group, LLC

    (276) 608-3493

    248 Total Sales

    Section Image
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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 56332

Virginia Washington County Abingdon 24210

433 Whites Mill Rd, Abingdon, VA

This home is located at 433 Whites Mill Rd, Abingdon, VA 24210 since 28 June 2016. This property was built in 1993. 433 Whites Mill Rd is a home located in Washington County with nearby schools including Abingdon Elementary School, E.B. Stanley Middle School, and Abingdon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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