$359,000
5656 Sam Snead Hwy
Hot Springs, VA 24445 · None
Quad
type
4
units
1900
built
About this property
Excellent investment opportunity in Hot Springs! This fully occupied 4-unit apartment building offers immediate rental income with potential for increased returns. Each spacious unit features 1 bedroom, 1 bathroom, over 900 square feet of living space, and separately metered electricity. Currently generating $2,650 per month ($31,800 annually), the property offers upside potential, with existing rents reportedly below market rates. Situated on approximately one acre, the property may also offer additional development opportunities toward the rear of the lot, subject to applicable zoning and approvals. Conveniently located near The Omni Homestead Resort and downtown Hot Springs, this income-producing property presents an attractive opportunity for investors seeking steady cash flow and long-term appreciation potential. A great addition to any investment portfolio!
Details
- Type
- Quad
- Units
- 4
- Year built
- 1900
- Lot
- 1 ac
- Zoning
- R-4
- Days on market
- 2
- MLS #
- 683113
Property details
Interior
- Fireplaces
- 0
Structure & exterior
- Style
- Quad
Lot & HOA
- Lot size
- 1 acres
- Zoning
- R-4 Reside
- Subdivision
- None
Location & lot
Parcel boundaries and aerial imagery are from the Virginia Geographic Information Network (Virginia Base Mapping Program); flood zones are from the FEMA National Flood Hazard Layer. All are approximate, provided for general reference only, and are not a survey, a title document, or an official flood determination. Verify boundaries with a licensed surveyor and flood status at FEMA's Flood Map Service Center.