BEDS0
BATHS
SQUARE FEET1,260
MLS#VARP2002446
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLRAPPAHANNOCK COUNTY PUBLIC SCHOOLS
Property Description
SHOWING BY APPOINTMENT ONLY. DO NOT DISTURB TENANTS. A very rare multi-family income generating offering in Rappahannock County - 11947 & 11951 Lee Hwy, together for sale on one parcel, present an outstanding opportunity for multi-family rental income. The sale includes two structures containing FOUR grandfathered residential units, ONE commercial unit. Further upside can be realized by finishing to lease unused spaces, bringing rents to market rate and even rehabbing an old fruit stand on the property. This investment opportunity sits on the highly traveled Rt 211: a major artery seeing 2 million + vehicles per year and opportunistically near the Thornton Gap entrance to Shenandoah National Park. The property is zoned Highway Commercial, allowing for a multitude of by-right uses including short term rentals, retail, food service and hospitality. Property is served by electric, propane, private well, town sewer and high speed is internet. P&L available.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ductless/Mini-Split
Fuel Type: Electric
Heating: Heat Pump(s)
Home Style: Cottage
Lot Size: 1.37 Acres
Roof Type: Metal, Shingle, Asphalt
Taxes: $2,149
Year Built: 1900
Feature Descriptions
Accessibility: 36"+ wide Halls
Additional Structures: Above Grade, Below Grade
Days on Site: 53
Electric: 200+ Amp Service
Exterior: Vinyl Siding
Lot Dimensions: 1.37 Acre(S)
One Bedroom Units: 4
Parking Notes: Gravel Driveway, Concrete Driveway
Sewer: Public Sewer
Structure Type: Detached
Studio Efficiency Units: 1
Units: 4
Utilities: Propane, Electric Available, Sewer Available, Water Available
Water: Well
Local Schools
School District: RAPPAHANNOCK COUNTY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Cheri Woodard Realty
Agency Phone: 5409878500
Shown By
Agent Name: The Affendikis Group
Agent Phone: (804) 938-3539
Agency Title: Joyner Fine Properties
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Estimated Payment
$ 3,168.73 per month $2,826.61 Principal & Interest $179.08 Property Tax $163.04 Homeowner's InsuranceChange Payment Information
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11947 Lee Highway | MLS# VARP2002446
This multi-family property located at 11947 Lee Highway, Sperryville, VA 22740 is currently listed for sale with an asking price of $559,000. Lee Highway is located within the RAPPAHANNOCK COUNTY PUBLIC SCHOOLS school district. Search Sperryville real estate on www.theaffendikisgroup.com today.