Listing ID86760
Price$179,000
StatusActive
SqFt
1,770
Acres
0.210
CountyCity of Galax - Out of County
Year Built1940
Property TypeMultiFamily
Investors Look!!Craftsman style duplex in the heart of Galax. Brick exterior, shingle roof replaced 2007, all new kitchens, new paint throughout, new tiled bathrooms, two HVAC units, hardwood floors, walk in closets, custom built ins, fireplace, gorgeous wood doors & trim throughout, 29 all new windows, new appliances, covered front porch and covered rear deck that opens up to a large yard for tenants to enjoy. 2 unit duplex rental income property w/ each having their own separate entrances. Main floor door on right is lovely with 2 huge bedrooms, 1 full bath, 1/2 bath in master, large LR, Fireplace, built-ins, French classic doors, all new kitchen, walk in closets, tile bath, w/d. Upper level just as nice with 2 big sunny bedrooms, full new tile tub/shower bath, 1/2 bath, large eat in kitchen, all updated appliances, large family room. W/D hookups.
County
City of Galax - Out of County
Property Type
MultiFamily
Year Built
1940
Zoning
Res
1st Floor SqFt
952
2 Bdrm-Refrigerator
2
2 Bedroom - Bathrooms
4
2 Bedroom - Central A/C
2
2 Bedroom - Dishwasher
2
2 Bedroom - Stove
2
2 Bedroom - Washer/Dryer
1
2nd Floor SqFt
818
Appliances
Range Hood, Range/Oven, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Approximate Total Above Grade SqFt
1770
Approximate Total Below Grade SqFt
400
Basement Unfinished SqFt
400
Cooling
Central Air
Fireplace Details
Fireplace Insert, Gas Log
Heat Source
Heat pump, gas logs
Heating
Heat Pump
Interior Amenities
Built-in Features, Cable, Carbon Monoxide Detector, Ceiling Fan(s), Dry Wall, Smoke Detector, Tile Floors, Walk-in Closets, Wood Floors
Interior Condition
Very Good
Laundry
Lower Level, Upper Level
Source SqFt
Public Records
Total Unfinished SqFt
400
2 Bedroom - Number of Units
2
Basement/Foundation
Block, Concrete, Partial Basement
Electricity
Separate Meters
Exterior
Brick, Wood Siding
Exterior Amenities
Common Laundry, Paved Street, RV Parking
Exterior Condition
Good
Garage/Carport
Yes
Landscaping
Fence
Lot Number
7
Number of Units
2
Roof
Shingle
Sewer
Public Sewer
Water Front
None
Water Heater
Electric
Water Supply
Public
Water View
None
Windows
Insulated
Addendum
Property is located near the New River, and is in the historic district of Galax, walking distance to many restaurants, Felts Park, the historic Rex theater, and antique and specialty shops. 2 separate driveways to allow for plenty of cars and parking for tenants both in front and rear. Second driveway access around back on Lafayette Street. There is a storage building also on the property. Seller lives the upper unit, and Airbnbs the lower. If an investor didn't chose to live on-site, income posted could likely be doubled. Per seller, City of Galax passed all inspections. Seller has proof of income available upon acceptance of a valid offer.
Deed Book/Instrument
655
Deed Page
382
Document Count
5
Layout
Up & Down
Area
Galax
Direction
W
Directions
Beginning at I-77, Exit 14 Galax/Hillsville, take 58 W towards Galax. Go 10 miles and turn left on Main St.. Go 4 blocks and turn right on W. Grayson St. Then drive 3 blocks to 402 W. Grayson St, Home will be on the right. See signs.
Elementary School
Galax
High School
Galax
Middle School
Galax
Subdivision
N/A
2 Bedroom - Number of Units Rented
1
County Taxes
606.74
Gross Income
12785
Multiple Tax Map Number
no
Net Income
10000
Tax Map Number
54-115
Tax Year
2019
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Southwest Virginia Association of REALTORS® Multiple Listing Service. © 2023 Southwest Virginia Association of REALTORS®.The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: Wednesday, June 7th, 2023 01:25:58 AM.
Information deemed reliable, but not guaranteed.
Listing courtesy of Virginia Mountain Realty
Information deemed reliable, but not guaranteed.
Listing courtesy of Virginia Mountain Realty
Similar Listings
Contact - Listing ID 86760
Fancy Gap Realty
Data services provided by IDX Broker
Property Quick Search
Listings by City