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$1,400,000
1068 River Oak Dr, Forest, VA 24551
0 Beds
0 Baths
n/a sqft

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Do you want to own rental property in Forest in nice condition that is easy to maintain and rent, then Willow Oak Village is for YOU! A unique property consisting of 17 two bedroom, one bath units. It made up of 5 single family homes, a 3 plex, a 9 plex on 7 acres and views of the Peaks of Otter. Major work completed including metal roofs on all buildings and new asphalt parking lot and driveway. This property was a church camp at one time and has a rustic feel but modern amenities. Owner pays for lawn maintenance, county water and trash pickup. Tenants pay their own electric and each has a heat pump. Each unit has washer/dryer hookups. Many Units have newer Kitchens & vinyl plank flooring. Forest Schools. Includes a 48 X 24 Garage under the 9 plex used as a shop or storage. All units are on one Deed and can not be separated. All units occupied under annual leases. No dogs on property, but tenants are allowed 1 cat. Could possibly build additonal units on the existing property.
  • Price:
  • $1,400,000
  • Acreage:
  • 7.23
  • Year Built:
  • 1984
  • Listing ID #:
  • 330479
  • Street Address:
  • 1068 River Oak Dr
  • City:
  • Forest
  • State:
  • Virginia
  • Postal Code:
  • 24551
  • County:
  • Bedford
  • Community:
  • Bedford
  • Subdivision:
  • Great Oaks Sec 2
  • Listing Status:
  • Pending
  • Listing Type:
  • Multi-Family
  • Miscellaneous Features:
  • Individual Laundry
  • Number Of Units:
  • 17
  • Walls:
  • Drywall, Paneling
  • Year Built:
  • 1984
  • Annual Gross Income:
  • 145000.00
  • Annual Maintenance Expenses:
  • 11597.00
  • Net Operating Income:
  • 113000.00
  • Approximate Lot Size Range Source:
  • (public Records)
  • Lot Square Footage:
  • 314939.00
  • Days On Market:
  • 46
  • Lease Type:
  • Net
  • Hoa Y/N:
  • Lynchburg Board Of Realtors
  • Owner Pays:
  • Exterior Maintenance, Lawn Care, Sewer, Trash Removal, Water
  • Parking Description:
  • Garage-Double, Off Street Parking, Parking Lot
  • Cooling System:
  • Heat Pump
  • Existing Water:
  • County
  • Heating:
  • Heat Pump
  • Sewage Type:
  • Septic Tank
  • Water Heater:
  • Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Long & Foster-Forest

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