About This Home
This 12-bedroom, 1-bathroom residential multi family at 308 Armory Road in Galax, VA is listed for $650,000 ($89 per sqft). Built in 1988, the home offers 7,344 sqft of living space on a 0.75 acres lot.
Key Features
- Built in 1988
- 0.75 acre lot
Property Details
Amenities
Excellent multifamily investment opportunity in a desirable Galax location! This 6-unit property is comprised of three duplex-style townhome buildings and offers established rental income with a solid rental history. Several longer-term tenants provide stability, while current rents offer potential for future growth as units turn over.
The townhouse-style layout gives tenants a more residential feel than a traditional apartment complex, and all six units feature full basements, providing valuable additional space and storage. Select units have also received recent renovations, showcasing the potential for continued improvements and value enhancement throughout the property.
Conveniently located just a short drive from downtown Galax and area amenities, this property offers an attractive combination of current income and long-term upside. Whether you're looking to expand an existing rental portfolio or acquire a substantial multifamily investment, these six units provide an excellent opportunity with room to increase income over time.
Monthly Cost Estimate
$3,476/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
308 Armory Road
Galax, VA 24333
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 12-bedroom, 1-bathroom residential multi family at 308 Armory Road is listed at $650,000 ($89/sqft). The estimated monthly payment is $3,477 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1988, 0.75 acre lot. Interior Features: Newer Paint.
This property is listed by Christopher Fox and can be reached at 2766170189.