10624 Greensboro RD, Ridgeway, VA 24148 (MLS# 906744)

$1,100,000

10624 Greensboro RD
Ridgeway, VA 24148
MLS# 906744

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Property Description
18 unit apartment building convenient to Martinsville and Greensboro. Two buildings. Value-add opportunity. 12 of 18 units have been renovated, leaving 6 more to upgrade. All units 1BR/1BA. Recent upgrades to property since 2023: New roofs, newly hooked up to public water, 12 units renovated, parking lot sealed and striped, exterior paint, new gutters, landscaping, and more. Less than 3 miles from Press Glass Inc, which recently announced expansion and creation of 335 new jobs. Possibility for onsite Laundry. Owner/Agent

Details

Contract Information

Current Price: $1,100,000

List Price: $1,100,000

List Date: 2024-04-17

Status: Pending

General Property Description

Construction Status: Completed

Year Built: 1981

Type of Business: Multi-Family Apartaments

Total Acreage: 5

Flood Area: No

On site Parking: Yes

Gross Building SqFt: 11000

Lease Available: No

Basement Y/N: No

Water Class: N/A

Location, Legal & Taxes

Major Area: 14 - Henry County

Area: 1400 - Henry County

Street Number: 10624

Street Name: Greensboro

Street Suffix: RD

State/Province: VA

Zip Code: 24148

Legal: Tax Map #: 71.8(005)000/000A,B,C and 71.8(005)000/029

Municipality: Henry County

Tax ID: 71.8(005)000/000A,B,C and 71.8(005)000/029

Annual Taxes: 2762

Remarks & Misc

Directions: 220 S to Ridgeway towards NC. Apartments on right approx. 1 mile before NC state line.

Status Change Info

Ratified Contract Dt: 2024-04-26

Property Features

Limited Service: Not Limited Service

Commercial Type: Investment

Sale Includes: Building & Land

Construction: Brick; Wood

Roof System: Shingle

Heating: Electric

Cooling: Window Units

Floors: Carpet; Vinyl

Manufactured Homes: No HUD Tag

Water Description: Public Water

Sewer Description: Private Septic

Water Heater Type: Tank

Water Heater Energy: Electric

Listing Office: MKB, REALTORS®

Last Updated: April - 27 - 2024

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