1165 N Independence Ave, Independence, VA 24348
- Residential income homes
- 3,181 SF
- 0.48 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1165 N Independence Ave
- Year built
- 1940
- Lot size
- 0.48 lot acres
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 73A7- A- - 4
- APU
- 73A7A4
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 30, 2015 | $100,000 | Raven Crest Cottages LLC | Dick Wilcox | Warranty Deed | $80k · Grayson National Bank |
Description
This 3,181 square foot triplex apartment building, constructed in 1940, presents a compelling investment opportunity. Situated on a 0.48-acre lot (20,909 sq ft) in Grayson County, Virginia, the property boasts three furnished two-bedroom, one-bathroom units, each equipped with a stove and refrigerator. Tenants are responsible for their utilities (water, sewer, and power). The building features central heating and cooling systems. Currently generating a gross annual income of $20,580, with planned rent increases for 2024, this property offers strong potential for return on investment. Conveniently located less than three minutes from Independence, VA, it provides easy access to local amenities including shopping and dining. The property includes gravel parking. Heating is provided by electric heat pumps, space heaters, and baseboard heating. A virtual tour is available. APN: 73A7-A-4. Asking price: $235,000 ($74/sq ft).
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Independence
- County
- Grayson
- State
- Virginia
- Longitude
- -81.1608
- Latitude
- 36.6415
