$1,650,000

81 Duplex Ln Ararat, VA 24053

Estimated payment $10,270/month

Total Views 77,532
-- Bed
-- Bath
17,786 Sq Ft
$93 Price per Sq Ft

Highlights

  • 723,096 Sq Ft lot
  • Porch
  • Ceiling Fan
  • No HOA
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

Discover a prime investment opportunity in the Ararat community of Patrick County, just minutes from the City of Mt. Airy, NC. This property includes three brick ranch homes and 16 duplexes, each equipped with a range, refrigerator, washer, and dryer. In 2020, all units received new roofs and gutters, along with numerous updated heat pumps and other improvements. The three brick ranch homes each feature three bedrooms. The duplexes comprise four three-bedroom units, eleven two-bedroom units, and one one-bedroom unit. This excellent location is within walking distance of Blue Ridge Elementary School and Dan River Park. Additionally, the property spans over 16 acres, offering ample space for future expansion.

Listing Agent

Edd Martin

EDD MARTIN AND ASSOCIATES REAL ESTATE Brokerage Email: 2766945002, eddmartinrealtor@gmail.com License #0225046717 Listed on: 07/16/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 17,786 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Vinyl

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 40 Parking Spaces
  • Driveway
  • Open Parking

Utilities

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

Additional Features

  • Porch
  • 16.6 Acre Lot

Community Details

  • No Home Owners Association
  • Ararat Subdivision

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Subdivision Name: Ararat
  • Building Stories: 1
  • Year Built: 1971
  • Attribution Contact: 2766945002, eddmartinrealtor@gmail.com
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Crawl Space, Partial
  • Fireplace Features: Electric, Oil
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 17786

Exterior Features

  • Construction Type: Brick
  • Patio And Porch Features: Porch
  • Roof: Metal

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 40

Utilities

  • Cooling: Central-Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating: Forced Air, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Utilities On
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 723096

Map

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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List 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
07/16/2024 07/16/24 For Sale $1,650,000 -- $93 / Sq Ft
Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

Source: Martinsville, Henry & Patrick Counties Association of REALTORS®

MLS Number: 141773

Virginia Patrick County Ararat 24053

81 Duplex Ln, Ararat, VA

For Sale

MultiFamily

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Edd Martin
Listing Agent
Edd Martin
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EDD MARTIN AND ASSOCIATES REAL ESTATE
(276) 881-7071