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    1075 Menefee Dr Goode, VA 24556

    New
    Under Contract
    For Sale
    $120,000

    Multi-Family - Goode, VA

    Type:Multi Family
    Lot size:
    2.33 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 1075 Menefee Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    4
    APN
    15116300
    Interior features
    Dryer Hookup, Porch, Smoke Alarm, Washer Hookup
    Appliances
    Range, Refrigerator
    Lot size
    2.33 Acres

    Utilities

    Cooling system
    Heat Pump

    Building Details

    Year built
    1992
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Aluminum Siding
    Architectural style
    Other

    Mark A. Dalton & Co., Inc. (434) 237-6267 [email protected]

    Listing agent Jeremy Trost (434) 841-8405 License #0225268431

    Listing date Dec 8, 2025

    MLS# 363202 Listing URL

    Copyright © 2025 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Goode, VA Multi-Family Investment

    This investment opportunity features two manufactured home rental properties situated on over 2 acres in Bedford County, located off HWY 460. The properties generate a cash flow exceeding $14,000 per year, with potential for rent increases. The tenants are long-term and interested in remaining. The properties share a well with a recently replaced pump and utilize two septic systems. The location is convenient, situated between Bedford and Lynchburg. The sale includes two properties: a 3-bedroom, 2-bathroom home and a 2-bedroom, 2-bathroom home, along with 2.328 acres of land in Bedford County. The property offers seasonal views of the Peaks of Otter.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Hotel & Motel Kitchen & Bath Food Market Grocery Store Veterinary Clinic Bed & Breakfast Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Goode
    County
    Bedford
    State
    Virginia
    Longitude
    -79.3810957
    Latitude
    37.3036427

    Nearby Similar for Sale

    • $899,000
      23 SF

      Former Gunnoe's Sausage Plant

      28,000 SF former meat processing plant on 23.44 acres.
      3989 Cifax Rd, Goode, VA 24556
      View Details

    FAQs

    What type of property is this?
    Duplex - Two manufactured homes on 2+ acres, generating over $14,000/year.
    Where is this duplex located?
    The property is located at 1075 Menefee Dr Goode, VA.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Two manufactured home rental properties on 2.328 acres.; - Cash flow at over $14,000/year.; - Long-term tenants in place.
    (434) 841-8405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1075 Menefee Dr Goode, VA 24556
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