1165 Independence AveIndependence, VA 24348

This 3,181 square foot triplex apartment building, constructed in 1940, presents a compelling investment opportunity. Situated on a 0.48-acre lot (20,909 sq ft) in Grayson County, Virginia, the property boasts three furnished two-bedroom, one-bathroom units, each equipped with a stove and refrigerator. Tenants are responsible for their utilities (water, sewer, and power). The building features central heating and cooling systems. Currently generating a gross annual income of $20,580, with planned rent increases for 2024, this property offers strong potential for return on investment. Conveniently located less than three minutes from Independence, VA, it provides easy access to local amenities including shopping and dining. The property includes gravel parking. Heating is provided by electric heat pumps, space heaters, and baseboard heating. A virtual tour is available. APN: 73A7-A-4. Asking price: $235,000 ($74/sq ft).