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Canaan Heath

canaan@realtorcanaan.com +1(276) 492-4662

Listed by Robin's Nest Realty LLC

$ 499,900

Est. payment -/mo

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Active

31157 Princeton Avenue Meadowview, VA 24361

4 Beds

4 Baths

1,988 SqFt

UPDATED:

Key Details

Property Type Other Rentals

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 1,988 sqft

Price per Sqft $251

Subdivision Emory

MLS Listing ID 105757

Bedrooms 4

Year Built 1970

Annual Tax Amount $884

Tax Year 2025

Lot Size 0.470 Acres

Property Sub-Type Apartment

Property Description

Welcome to The Wasp Nest, a unique and recently remodeled four-unit investment property ideally located beside Emory & Henry University in beautiful Southwest Virginia. Offering approximately 1,988 square feet on nearly half an acre, this property presents an excellent opportunity for investors seeking a turnkey income-producing property in a desirable location. The building features four thoughtfully designed apartments, each offering a private bedroom, full bathroom, and comfortable kitchen/living area. Each unit is equipped with its own mini-split system for year-round comfort, while a convenient laundry center serves the property. Designed with professionals in mind, the property offers a peaceful setting while being within easy walking distance of the university, post office, medical offices, and local dining. Tenant rent includes electric, internet, water, sewer, and lawn maintenance, creating a convenient rental experience and an attractive income opportunity for ownership. The property sits on approximately 0.47 acres with a large parking area and a combination of level and gently rolling terrain. Additional features include a deck, attached parking, public water and sewer, laminate flooring, updated interiors, and a metal roof. Location is another major advantage. The property is just minutes from Interstate 81, Historic Abingdon, Bristol, the Virginia Creeper Trail, and the Appalachian Trail, providing residents with easy access to employment, education, recreation, and regional amenities.

Location

State VA

County Washington-va

Area Emory

Zoning Village

Interior

Interior Features Newer Paint

Heating Electric, Ductless

Cooling Electric, Mini Split

Flooring Newer Floor Covering, Laminate

Fireplaces Number 1

Fireplaces Type One, Other

Fireplace Yes

Window Features Insulated Windows

Appliance Range, Refrigerator, Washer, Dryer, Electric Water Heater

Laundry Common Area, Laundry Room, Lower Level

Exterior

Parking Features Common, Gravel

Fence Fenced

Utilities Available Natural Gas Not Available

Waterfront Description None

View Y/N No

Water Access Desc Public

Roof Type Metal

Garage No

Building

Foundation Block

Sewer Public Sewer

Water Public

Schools

Elementary Schools Meadowview

Middle Schools Glade Spring

High Schools Patrick Henry

Others

Acceptable Financing 12403d77382cf1b522dc3f94a9acc637

Listing Terms 12403d77382cf1b522dc3f94a9acc637

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Canaan Heath

REALTOR®

+1(276) 492-4662 | canaan@realtorcanaan.com

Canaan Heath

31157 Princeton Avenue Meadowview, VA 24361

Key Details

Location

Interior

Exterior

Building

Schools

Others

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31157 Princeton Avenue