Mixed-Use Building with
For Sale
Contact for pricing
501 High Ave NE, Coeburn, VA 24230
Mixed-use building featuring apartments and commercial space for sale.
Property Size7,722 SF
Price / SF$62.81
Days on Market1173
Property Features for 501 High Ave NE
General Information
Standard status
Active
Size
7,722 SF
Property subtype
Mixed Use
Building Details
Year Built
1903
Buildings
1
Stories
3
Units
7
Listing Agency:
SERRALLES GROUP,INC
Listed By:
Edward Serralles · License #FL 508984
(813) 307-0007
Source:
Crexi
Added: Jun 28, 2023
Changed: Sep 9
Last Checked: Sep 12 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SERRALLES GROUP,INC
Investment Insights
Based on property information with market context.
This mixed-use property includes six apartments, each with one bedroom and one bathroom, along with a commercial space. The property is currently vacant. Owner financing is available with a $95,000 down payment, a $300,000 loan amount at a 6% interest rate, a 30-year amortization, and a 5-year balloon. The average rent for one-bedroom units in the area ranges from $600 to $800. The property is situated on a 7,722 square foot lot.
Key Highlights
- Owner will owner‑finance with attractive terms: $95,000 down, $300,000 loan at 6% interest, 30‑year amortization, and a 5‑year balloon.
- Property includes 6 apartments and a commercial space, offering diverse income streams.
- All 6 apartments are desirable 1/1 units, easily rentable.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 24230, VA
7,708
Population
3,863
Households
2
Avg Household Size
45
Median Age
14%
College-Educated
78%
High-School Grad
124.1 sq mi
ZIP Area
62
Density / Sq Mi
$56,040
Median Household Income
$38,049
Median Earnings
$725
Median Rent
$104,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building featuring apartments and commercial space for sale.
Where is this mixed-use property located?
The property is located at 501 High Ave NE Coeburn, VA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Owner will owner‑finance with attractive terms: $95,000 down, $300,000 loan at 6% interest, 30‑year amortization, and a 5‑year balloon.; Property includes 6 apartments and a commercial space, offering diverse income streams.; All 6 apartments are desirable 1/1 units, easily rentable.
