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81-302 Duplex Ln Ararat, VA 24053

For Sale
$1,650,000

Multi-Family - Ararat, VA

Type:Multi Family
Days on Market:
346
Last Refresh:
Dec 10 at 1:06 am

Property Features for 81-302 Duplex Ln

General Information

Property type
Residential Multi Family
Property subtype
Multi Family
Standard status
Active

Building Details

Year built
1971
Floors in Building
1
Architectural style
Other

Blue Ridge Mountain Real Estate, LLC (276) 952-5008 [email protected]

Listing agent Edd Martin (276) 694-5002

Listing date Dec 30, 2024

MLS# 141773 Listing URL

Copyright © 2025 Martinsville, Henry, Patrick Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Multi-Family Investment Opportunity in Ararat

Located in the Ararat community of Patrick County, Virginia, this multi-family property presents an investment opportunity, situated minutes from Mt. Airy, North Carolina. The property features three brick ranch homes and 16 duplexes. Each unit is equipped with a range, refrigerator, washer, and dryer. In 2020, all units received new roofs and gutters, along with updated heat pumps and other improvements. The three brick ranch homes each feature three bedrooms. The duplexes include four three-bedroom units, eleven two-bedroom units, and one one-bedroom unit. The location is within walking distance of Blue Ridge Elementary School and Dan River Park. The property spans over 16 acres, offering space for future expansion.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Restaurant Building Supply Auto Repair Shop Food Market Grocery Store Computer & Electronic Repair Pawn Shop Tech Support Center

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

Location Insight

  • Map
  • Local Demand
City
Ararat
County
Patrick
State
Virginia
Longitude
-80.5113812
Latitude
36.6016995

FAQs

What type of property is this?
Multifamily property - Multi-family property with homes and duplexes near Mt. Airy, NC.
Where is this multifamily property located?
The property is located at 81-302 Duplex Ln Ararat, VA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: - Portfolio of 19 rental units (3 ranch homes and 16 duplexes) offers immediate income potential.; - Excellent location within walking distance of Blue Ridge Elementary School and Dan River Park.; - Proximity to Mt. Airy, NC, provides convenient access to city amenities.
More about this property
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