308 Armory Road
Property Description
Excellent multifamily investment opportunity in a desirable Galax location! This 6-unit property is comprised of three duplex-style townhome buildings and offers established rental income with a solid rental history. Several longer-term tenants provide stability, while current rents offer potential for future growth as units turn over. The townhouse-style layout gives tenants a more residential feel than a traditional apartment complex, and all six units feature full basements, providing valuable additional space and storage. Select units have also received recent renovations, showcasing the potential for continued improvements and value enhancement throughout the property. Conveniently located just a short drive from downtown Galax and area amenities, this property offers an attractive combination of current income and long-term upside. Whether you're looking to expand an existing rental portfolio or acquire a substantial multifamily investment, these six units provide an excellent opportunity with room to increase income over time.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $650,000 |
| No. of Units: | 6 |
| Year Built: | 1988 |
| Lot Size: | 7,344.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $108,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 1 |
ID: 3yd-SWVARVA-112067
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