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RENT FOR MAX PROFIT!
152, 170, and 107 S Cedar Acres, Lebanon, VA 24266 | Russell County VA
STARTING PRICE: $167,700
*NR-EMD: $2,500
*Cash Or Hard Money To Close!*
-FOR FULL MEDIA PICS/VIDS SEE LINKS IN PROPERTY DESCRIPTIONS-
Exit:
-Fix and Hold For Long Term Wealth And Cash-Flow
-Hybrid: Flip 2 Homes & Rent 3 Turnkeys Homes
Property Details:
-Turn all 5 houses into section 8 rental for max ROI.. !!
Follow along: There are a total of 5 houses being offered on 3 parcel ID's.
-You don't see 5 houses come around for this price ever.
-Russell County VA section 8 rents are currently at $905 /m per 2 bed unit leaving a massive rental gain/play here.
-Currently renters occupy all properties at around $450/m and are NOT section 8.
-All tenants are on m/month leases.
-3 of the 5 houses need minor updates and are turnkey, the other 2 houses will need substantial rehabs.
-All properties have window/Wall AC's & Baseboard Heat.
Property Descriptions:
107, 93 & 73: (Share Parcel ID)
(107 S Cedar Acres, # A, Lebanon, VA 24266)
- 2BD 1BA | 950 sqf each
(on slabs)
-Year Built: 1990
-These 3 houses are clean! Turn key with renters in place. Built in the 90s needing could use some light rehab.
-Units (107 & 93) share a septic system. (See Utilities for details)
-Media links:
107: https://photos.app.goo.gl/PLzJLBunugE6rxvn8
93: https://photos.app.goo.gl/ERSkhcEDVAkpmARe9
73: https://photos.app.goo.gl/Jcycgue3Vrjb3pqn7
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152 S Cedar Acres Lebanon, VA 24266
- 2BD 1BA | 705 sqf |
-Year Built: 1985
(set up as duplex)
-Basement was partially finished for an additional unit and needs work, but has plumbing and electric ran.
-This unit needs complete remodel inside and out.
-Media link:
-152: https://photos.app.goo.gl/dMJjSXqpBDcum2zb6
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170 S Cedar Acres Lebanon, VA 24266
- 2BD 1BA | 705 sqf |
-Year Built: 1972
(with partial finished basement)
-This unit needs complete remodel inside and out.
-Media link:
170: https://photos.app.goo.gl/7HGNko364y7ceEQi8
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Utilities:
According to the owner:
-All 5 house use the same well (there is no city water accessible)
-Units 152, 170 & 73 all have their own septic systems.
-Units 107 & 93 share septic and drain field. -(See Utilities section for details)
-Electric in tenants names.
Taxes:
152 : $289 /y
170: $486 /y
107 (3 unit lot): $755 /y
Disclosure:
All info about water wells and septics were taken from seller and GIS county info. Buyer to verify all info prior to purchase.
SUBMIT HIGHEST AND BEST OFFER
or CALL OR TEXT BLAINE AT (423) 374-3691
