multiFamily

6050 N Lee Highway, Fairfield Va 24435
  • $259,000
  • MLS #:133769


Square Ft:
  • 4,740 finished
  • 0.00 unfinished
Neighborhood:
  • None

Property Type: multiFamily
Area: Rockbridge
Year Built: 1950
Design: Attached Units
Exterior: Brick Veneer,Wood
Roof: Metal
Utilities: Gas
Cooling: Heat Pump
Heating: Gas, Heat Pump(s)
Basement: None
Annual Taxes: 1449.70
Tax Year: 0
Directions: From Lexington, I-81 N to Exit 200. Right off exit ramp onto Sterrett Rd. North on U.S. 11 for 0.5 miles to property on right.
First Floor Master Bedroom: Monthly
Conservation Easement: No
Covenants: No Restrict Covenant
Deed Book: Inst# 110003562
Elementary School: Fairfield
Middle School: Maury River
High School: Rockbridge Co
Historic: No
Plat: Yes
POA: No
Road Maintenance Agreement: No
Rooms: 9
Subdivision? No
Tax Map #: 39-A-54A
Tax Rate: $0.70/100
Zoning: Agricultural
Lot #: Monthly
Average Rental: 501 - 600
Owner Expenses: Electricity,Gas,Sewer,Snow Removal,Water
Parking: Lot
Rental Type: Monthly
Road Surface: Paved
INVESTMENT OPPORTUNITY: High-demand multifamily rental property consisting of 9 one-bedroom units with a current rent roll of $55,200 annually. Property is 100% leased and centrally located in Fairfield, VA at I-81 exit 200. Over 1.5 acres of land on US Rt. 11 lays well with access to public water/sewer and natural gas with great future redevelopment potential.

Updated: 2/15/19
Courtesy of
James Wm Moore Real Estate

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