Investment property for sale! 4-unit multifamily apartment complex in the Ashwood neighborhood of Hot Springs, VA. Less than 5 minutes from the Homestead and Bath Community Hospital, and across the street from Valley Elementary School. These rentals are 13 minutes from the Warm Springs Pools and 30 minutes from major employers in Covington and Clifton Forge. Known as The Teachery, this property was once home to elementary school teachers, and was later renovated into four (4) spacious one (1) bedroom, (1) bathroom units. More recently, the units were refurbished, and plumbing was upgraded throughout the building. Three (3) of the units are furnished, complete with wifi, cable connections, A/C units, king size beds, furniture, towels, linens, and fully equipped kitchens and baths. These turn-key units are currently long-term rentals, but have been used for medium term rentals by the nearby resort and for Airbnb listings. The property includes a coin laundry, parking spaces, an outdoor patio area, and front porches with a mountain view. The building is located on a 1-acre lot that backs up to Forestry Rd, with plenty of room on site for future development. Property is for sale as is, and the listing price of $350K is negotiable. This is a great opportunity for investors seeking solid appreciation and consistent cash flow. Act now by calling or texting Charles Reed at 540-679-0588.
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