Discover a prime investment opportunity in the Ararat community of Patrick County, just minutes from the City of Mt. Airy, NC. This property includes three brick ranch homes and 16 duplexes, each equipped with a range, refrigerator, washer, and dryer. In 2020, all units received new roofs and gutters, along with numerous updated heat pumps and other improvements. The three brick ranch homes each feature three bedrooms. The duplexes comprise four three-bedroom units, eleven two-bedroom units, and one one-bedroom unit. This excellent location is within walking distance of Blue Ridge Elementary School and Dan River Park. Additionally, the property spans over 16 acres, offering ample space for future expansion.
Price: | $1,650,000 |
Address: | 81-302 Duplex Lane |
Location: | Ararat, VA 24053 |
Bed/Bath: | 0 Bedrooms / 0 Baths |
Size: | 17786 Square Feet |
Estimated Payment: |
$8,561 Per Month* Based on a 30-year fixed rate of 6.75% with 20% down. |
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Data last updated: Wednesday, August 14, 2024. Listing courtesy of EDD MARTIN AND ASSOCIATES REAL ESTATE.