Description
360 walkthrough of the property with interior pics, Rent information, Listing sheet, Aerial Photos at the following website: https://Prestige-Homes.vr-360-tour.com/e/CkwBfjYRcjM/eGreat investment property in a great location in Abingdon. If you are just starting your investment portfolio, this makes a PERFECT flag ship property. The owners built it in 1989 and have had very little trouble keeping it rented through the decades. The net income currently is $50,483. The gross income is $96,840. The potential gross income could be over $105,000 as there is one office space currently being used by the owners for storage. It could rent for $1000 to $1200 a month potentially. The bank building has been sold and the owners are in the process of adjusting boundaries to create 2 parcels. The traffic count in front of the complex in years past has been 50,000 daily as it is a main highway. The larger office suites have an electric combination gas furnace hvac system. AC in the building on the left when entering the complex is also hvac with gas furnace. The suites in the back have HVAC systems only. The property has been continually upgraded and maintained over the course of its life making it a solid investment for the next owner. Attached are copies of the current rent rolls and building layouts. If you or your buyer have more questions, we would be happy to accomodate any information sought. Serious inquiries only. Showings can occur after hours when tenants have left for the business day. Contact agent for showings.
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0BEDS
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1.3ACRES
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0BATHS
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01/2 BATHS
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12,000SQFT
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$108$/SQFT
School Ratings & Info
Description
360 walkthrough of the property with interior pics, Rent information, Listing sheet, Aerial Photos at the following website: https://Prestige-Homes.vr-360-tour.com/e/CkwBfjYRcjM/eGreat investment property in a great location in Abingdon. If you are just starting your investment portfolio, this makes a PERFECT flag ship property. The owners built it in 1989 and have had very little trouble keeping it rented through the decades. The net income currently is $50,483. The gross income is $96,840. The potential gross income could be over $105,000 as there is one office space currently being used by the owners for storage. It could rent for $1000 to $1200 a month potentially. The bank building has been sold and the owners are in the process of adjusting boundaries to create 2 parcels. The traffic count in front of the complex in years past has been 50,000 daily as it is a main highway. The larger office suites have an electric combination gas furnace hvac system. AC in the building on the left when entering the complex is also hvac with gas furnace. The suites in the back have HVAC systems only. The property has been continually upgraded and maintained over the course of its life making it a solid investment for the next owner. Attached are copies of the current rent rolls and building layouts. If you or your buyer have more questions, we would be happy to accomodate any information sought. Serious inquiries only. Showings can occur after hours when tenants have left for the business day. Contact agent for showings.
© 2022 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2022-09-27T23:59:56.92.