308 Armory Road, Galax, VA 24333
308 Armory Road, Galax, VA 24333
308 Armory Road, Galax, VA 24333
107
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Listed by BHHS- Mountain Sky Properties, Wytheville
$900,000
Est. payment /mo
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16 Beds
2 Baths
14,688 SqFt
New

308 Armory Road Galax, VA 24333

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Property Executives

Property Executives

+1(423) 952-0226

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,688 sqft

Price per Sqft $61

Subdivision Galax

MLS Listing ID 111693

Bedrooms 16

Year Built 1988

Annual Tax Amount $9,788

Tax Year 2025

Lot Size 1.300 Acres

Property Sub-Type Multi Family

Property Description

Excellent investment opportunity in a desirable Galax location! This 8-unit complex is comprised of four duplex-style townhomes and offers strong gross rental income with a solid NOI. The property provides additional upside potential, with room for rent growth among several longer-term tenants. A couple of the units have been recently renovated, providing a great example of the potential for continued improvements throughout the complex. All eight units feature full basements, offering tenants valuable additional space and storage, while two units also include private garages. The property is conveniently located just a short drive from town, combining easy access to Galax amenities with an attractive residential setting. With established rental history, good current income, and opportunities to increase rents and further improve units over time, this property offers an appealing combination of immediate cash flow and long-term investment potential. A great opportunity to add a substantial multifamily asset to your portfolio!

Location

State VA

County City Of Galax - Out Of County

Area Galax

Zoning R

Rooms

Basement Full

Interior

Heating Heat Pump

Cooling Central Air

Flooring Carpet, Vinyl

Fireplaces Type None

Window Features Vinyl

Appliance Range, Refrigerator

Laundry Main Level

Exterior

Parking Features Concrete, Paved

Utilities Available Natural Gas Not Available

View Y/N No

Water Access Desc Public

Roof Type Shingle

Garage No

Building

Sewer Public Sewer

Water Public

Schools

Elementary Schools Galax

Middle Schools Galax

High Schools Galax

Others

Acceptable Financing d076d0ea871f02322d1a853693c0110a

Listing Terms d076d0ea871f02322d1a853693c0110a

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Property Executives

Property Executives

Brokerage License ID: 256018

+1(423) 952-0226

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