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Multi-Home Investment Opportunity in Grundy

18775 Riverside Dr Grundy, VA 24614

Claim this Listing
Pending
$249,900

MULTI_FAMILY - Ranch - Grundy, VA

Type:Single Family Residence
Lot size:
1.43 Acres
Added:
Oct 29, 2024
Days on Market:
620
Last Refresh:
Jul 10 at 7:06 pm

Property Features for 18775 Riverside Dr

General Information

Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Commercial
Bedrooms
12
Bathrooms
6
Rooms
Bathroom 6, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 11, Bedroom 7, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 10, Bedroom 5, Bedroom 12, Bedroom 6, Bedroom 8, Bathroom 4, Bedroom 9, Bathroom 1, Bedroom 3
Parking features
Driveway
Patio and Porch features
Porch
Fireplace
1
Appliances
Built-In Electric Oven, Dryer, Electric Range, Microwave, Refrigerator, Washer
Standard status
Pending
APN
2hh184192, 2hh184193, 2hh184198 Enlg A
Lot size
1.43 Acres

Taxes and HOA fees

Tax Annual Amount
732

Utilities

Sewer type
Public Sewer
Heating system
Central
Cooling system
Heat Pump, Central Air
Water source
Public

Building Details

Year built
1945
Number of units
4
Flooring type
Laminate, Hardwood, Carpet
Building materials
Brick, Vinyl Siding
Roof type
Metal, Shingle
Architectural style
Ranch

Listing agent Lucas Lockhart License #346877, 0225257051

Listing office Park Hill Realty Group, LLC 208 Cherokee Street, KINGSPORT, VA

Listing date Oct 29, 2024

MLS# 9972885 Listing URL

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This property presents an investment opportunity with four homes and a former storefront situated across three parcels, totaling 1.43 acres. The location benefits from a dedicated traffic signal. The property is located between Food City and Subway. Parcel 1 includes a brick-built storefront constructed in the 1930s, previously utilized for goods and antiques, featuring 3 bedrooms and a 1/2 bath. Also on Parcel 1 is a 2-story brick home built in 1950, offering 3 bedrooms, 1 bath, and hardwood floors. Toward the back of the parcel is a doublewide built in 1988 with 3 bedrooms, 2 baths, and a wooden front porch. Parcel 2 features a brick home built in 1950, with 3 bedrooms, 1 bath, and a metal roof. This parcel also includes an additional structure ready for demolition. Parcel 3 contains a 2-story brick home with 3 bedrooms, 2 baths, and 4,300 sq ft. The storefront is ready for renovation. The properties are being sold as-is.

Key Highlights

  • 1.43 acres with four homes and a former storefront across 3 parcels, offering diverse investment possibilities.
  • Dedicated traffic signal ensures safe and convenient property access.
  • Prime location between Food City and Subway enhances rental or business potential.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Parking Lot & Garage Storage Facility Furniture & Home Goods Grocery & Convenience Store Pharmacy (Bike/Boat/Book/etc) Store Building Supply Auto Parts Store Skin Care Clinic (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Single family property - Four homes and a storefront on 1.43 acres in Grundy, VA.
Where is this single family property located?
The property is located at 18775 Riverside Dr Grundy, VA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1.43 acres with four homes and a former storefront across 3 parcels, offering diverse investment possibilities.; Dedicated traffic signal ensures safe and convenient property access.; Prime location between Food City and Subway enhances rental or business potential.
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