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Sold for $2,000,000
  • $2,000,000

    1120 River Oak Dr, Forest, VA 24551

    --beds
    --baths
    --sqft
    Multi Family
    Built in 1984
    -- sqft lot
    $2,064,000 Zestimate®
    $--/sqft
    $1,305 Estimated rent

    Home value

    $2,064,000

    $1.73M - $2.46M

    $1,305/mo

    Zestimate® history
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    $1,305/mo

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    $1,305/mo

    Rent Zestimate®

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    $11,288/mo

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    $11,288/mo

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    What's special

    Lvp flooringNew granite
    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. Several units have been recently renovated with new granite, cabinets and LVP flooring. Other major work completed including metal roofs on all buildings and new asphalt parking lot and driveway. 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. 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. Could possibly build additional units on the existing property.

    Zillow last checked:

    Listing updated:

    Listed by:

    Travis Hundt 434-401-5708 travis@thecornerstonerealty.com,

    Cornerstone Realty Group Inc.

    Bought with:

    Travis Hundt, 0225249874

    Cornerstone Realty Group Inc.

    Source: LMLS,MLS#: 355711MLS LogoOriginating MLS: Lynchburg Board of Realtors

    Facts & features

    Interior

    Heating
    • Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Included: Individual Water Heater, Unit 6(Refrigerator)
    • Laundry: Individual Laundry, Unit 6(Washer Hookup)
    Features
    • Flooring: Carpet, Other, Unit 6 Carpet
    • Has fireplace: Yes
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Parking features: Off Street, Parking Lot, Paved Drive
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Unit 6(Balcony/Patio)
    Lot
    • Size: 7.23 Acres
    Details
    • Foundation area: 0
    • Parcel number: 1353828

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Drywall, Paneling, Board & Batten Siding
    Condition
    • Year built: 1984

    Utilities & green energy

    • Electric: Southside Elec CoOp, Indiv Meter/Electric
    • Sewer: Septic Tank
    • Water: County
    • Utilities for property: Unit 6 Cable TV

    Community & HOA

    Location
    • Region: Forest

    Financial & listing details

    • Annual tax amount: $5,544
    • Date on market: 11/11/2024
    • Cumulative days on market: 49 days
    • Lease term: 12 Months

    Price history

    DateEventPrice
    5/5/2025Sold$2,000,000-14.9%
    Source: LMLS #355711 Report a problem
    12/30/2024Pending sale$2,350,000
    Source: LMLS #355711 Report a problem
    11/11/2024Listed for sale$2,350,000
    Source: LMLS #355711 Report a problem
    6/13/2021Listing removed--
    Source: Zillow Rental Network_1 Report a problem
    6/9/2021Listed for rent$700
    Source: Zillow Rental Network_1 Report a problem
    3/1/2021Listing removed--
    Source: Owner Report a problem
    10/20/2020Listing removed$700
    Source: Owner Report a problem
    10/16/2020Listed for rent$700
    Source: Owner Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 24551

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $2,064,000
    2% more
    +$41,280
    With Zillow Showcase(estimated)
    $2,105,280