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Listing 103 out of 127
$495,000 For Sale

579 Botetourt Rd #& 581
Fincastle, VA 24090

8 units | Multi Family Home
3.86 acres - MLS# 856157
Property Photo
1/18

Description

Located just outside of downtown Fincastle, this historic property boasts 7 units in the primary building & a +/- 1,300 SF farmhouse rental home on 3.86 acres with direct frontage on US 220. Situated in a quaint rural landscape, the offering includes a duck pond, black walnut trees & plenty of open green space & parking. Despite its rural setting, the property lies in the path of progress for Botetourt County less than 10 miles from thriving Daleville Town Center & Greenfield Business Park where Ballast Point East Coast Distribution Headquarters are located along with several other notable employers. The units boast lots of historic charm with potential for value add through continued cosmetic upgrades & separately metering the electrical systems. Land may also offer development potential.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Botetourt County
  • Zip Code: 24090
  • Year Built: 1890
  • Elementary School: Breckinridge
  • Middle School: Central Academy
  • High School: James River
  • Units: 8 units
  • Basement: Crawl Space
  • Lot Size: 3.86 acres
  • # Leased Units: 7.00
  • # Unfurnished: 8.00
  • Construction: Hard Board, Stone
  • Construction Status: Completed
  • Cooling: Window A/C
  • Financing Options: Owner Financing Y
  • Gross Bldg SQFT: 4171.00
  • Gross Income: $62,700
  • Heating: Baseboard Electric
  • Lot Dimensions: irregular
  • Multi-Family Type: Apartments
  • Municipality: Botetourt County
  • Net Operating Income: 33174.00
  • Owner Expenses: Electricity, Sewer, Water
  • Sewer Description: Public Sewer
  • Total Annual Expen: $26,390
  • Water Description: Public Water
Courtesy of Waldvogel Commercial Properties



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