For Sale
$179,000

110 Merifield RdWillis, VA 24380

Cash-flowing rental property, two units.

Overview

Added:
Feb 3
Days on market:
62
This Willis, VA commercial property presents a compelling investment opportunity. The property, located at 110 Merifield Road, comprises a remodeled and updated two-unit building totaling approximately 2,088 square feet on a 0.14-acre lot. Recent renovations, completed in 2022 for the interior and 2021 for the exterior, ensure the property is in excellent condition. A larger well pump was installed in 2023, enhancing the property's functionality. Each unit has its own heating and air conditioning system. The lower unit features one bedroom and one bathroom, along with an enclosed rear porch. The upper unit offers two bedrooms and one bathroom. Currently occupied by month-to-month tenants willing to remain, this property boasts a proven track record of consistent cash flow, generating approximately $24,600 annually. Its convenient location offers easy access to Floyd and Hillsville, Virginia, within a 30-minute drive. This is an ideal investment for those seeking a stable, cash-positive rental property with recent upgrades and a strong tenant base. The asking price is $179,000.

Property Details for 110 Merifield Rd

Property type
Year Built
1975
Lot Size (sq. ft)
6,098 SF

Location Insight

City
Willis
County
Floyd
State
Virginia
Latitude
36.8567
Longitude
-80.48516
110 Merifield Rd, Willis, Virginia

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110 Merifield Rd
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