166 Warner Myers Rd, Pennington Gap, VA 24277

$259,500

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$259,500
MLS#
1348143
Status
ACTIVE
Type
Single Family Residential
City
Pennington Gap
County
Lee
Year Built
1984
DOM
14

Property Description

Turnkey Multifamily Investment Opportunity - 6-Unit Apartment Building with a current 9.59% CAP rate (and lots of room to grow) Income-producing multifamily assets of this size rarely become available in the Lee County market. This 6-unit apartment building presents an outstanding opportunity for investors seeking immediate cash flow, long-term appreciation, and the stability that comes with multiple income streams. Whether you're expanding an established portfolio or purchasing your first multifamily investment, this property offers the scale to generate consistent rental income while reducing vacancy risk through diversified units. With six separate rental opportunities under one roof, investors can benefit from stronger cash flow potential than traditional single-family rentals. Conveniently located in Pennington Gap, the property offers easy access to local employers, schools, shopping, and everyday amenities, helping support continued tenant demand. As rental inventory remains limited throughout the region, well-positioned multifamily properties continue to be among the most sought-after investment opportunities. Opportunities like this don't stay on the market long. Add a proven income-producing asset to your portfolio, capitalize on the growing demand for quality rental housing, and position yourself for both immediate returns and long-term wealth creation. Schedule your private tour today and discover why multifamily investing remains one of the strongest paths to building lasting real estate wealth.

Additional Information

Appliances
Refrigerator, Range, Washer, Dryer
Construction
Frame, Vinyl Siding
Cooling
Window Unit(s)
Floors
Carpet, Laminate, Tile, Vinyl
Garage
On Premise Parking, Off Street
Lot Dimensions
.
Subdivision
Part Of Tract 3
Year Built
1984
Subdivision
Part Of Tract 3
Heating
Baseboard, Electric
Num Of Units
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Agent: D.J. Wilder |

Office: Century 21 Virginia Wilder Real Estate |