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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.

141773 Active 1971 1 8/14/24
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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© 2024 Martinsville MLS RETS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MVMLS. Real estate listings held by IDX Brokerage firms other than Rives S. Brown, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed.

Data last updated: Wednesday, August 14, 2024. Listing courtesy of EDD MARTIN AND ASSOCIATES REAL ESTATE.

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