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Great Investment opportunity! This Commercial Property consists of 5 Buildings containing 14 rental units in total. There are 12 2bed/1bath units, 1 3bed/1bath unit, and the Glade Valley US Post Office. All 14 units are rented with full time tenants. The Current monthly rental is over $10,000, therefore providing a gross return of over 10 percent. There is also a 3000 sq ft storage area under the #18 building which is being rented for a nominal amount. Buyer to provide a Letter Of Intent and Proof of Funds prior to being able to tour the individual units. Air conditioning is provided for 3 of the units.
| DAYS ON MARKET | 1 | LAST UPDATED | 6/30/2025 |
|---|---|---|---|
| TRACT | OtherSeeRemarks | YEAR BUILT | 1960 |
| COMMUNITY | 31-Cherry Lane | COUNTY | Alleghany |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| Elementary School | Sparta |
|---|---|
| High School | Alleghany |
| ADDITIONAL DETAILS | |
| AIR | None, Other, Wall/Window Unit(s) |
|---|---|
| AREA | 31-Cherry Lane |
| CONSTRUCTION | Brick |
| EXTERIOR | Other |
| HEAT | Baseboard, Electric, Hot Water |
| LOT | 3.71 acre(s) |
| SEWER | Septic Tank |
| SUBDIVISION | OtherSeeRemarks |
| TAXES | 4737 |
| WATER | Shared Well |
| ZONING | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by David Cook, A PLUS Realty, 828-297-1000
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