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166 Warner Myers Rd, Pennington Gap, VA 24277

$259,500
  • 166 Warner Myers Rd, Pennington Gap, VA 24277 Main Photo

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Active
BEDS0 BATHS MLS#1348143
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPart Of Tract 3 NEIGHBORHOODLee County - 23

Property Description

Turnkey Multifamily Investment Opportunity - 6-Unit Apartment Building with a current 9.59% CAP rate (and lots of room to grow)Income-producing multifamily assets of this size rarely become available in the Lee County market. This 6-unit apartment building presents an outstanding opportunity for investors seeking immediate cash flow, long-term appreciation, and the stability that comes with multiple income streams.Whether you're expanding an established portfolio or purchasing your first multifamily investment, this property offers the scale to generate consistent rental income while reducing vacancy risk through diversified units. With six separate rental opportunities under one roof, investors can benefit from stronger cash flow potential than traditional single-family rentals.Conveniently located in Pennington Gap, the property offers easy access to local employers, schools, shopping, and everyday amenities, helping support continued tenant demand. As rental inventory remains limited throughout the region, well-positioned multifamily properties continue to be among the most sought-after investment opportunities.Opportunities like this don't stay on the market long. Add a proven income-producing asset to your portfolio, capitalize on the growing demand for quality rental housing, and position yourself for both immediate returns and long-term wealth creation.Schedule your private tour today and discover why multifamily investing remains one of the strongest paths to building lasting real estate wealth.

166 Warner Myers Rd | MLS# 1348143

This multi-family property located at 166 Warner Myers Rd, Pennington Gap, VA 24277 is currently listed for sale with an asking price of $259,500. Search Lee County - 23 real estate on cthacker.easttnliving.net today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Baseboard, Electric
Lot Size: .
Year Built: 1984

Feature Descriptions

Appliances: Dryer, Range, Refrigerator, Washer
Days on Site: 22
Exterior: Vinyl Siding, Frame
Flooring: Laminate, Carpet, Vinyl, Tile
Lot Dimensions: .
Parcel #: 23E-(56)-3A
Parking: Off-Street Parking, On Premise Parking
Units: 6

Listed By / Shown By

Listed By

Agency Name: Century 21 Virginia Wilder Real Estate

Shown By

Agent Name: Crystal Thacker
Agent Phone: (423) 285-9903
Agency Title: Crye-Leike Real Estate Services

IDX logo

Source: East Tennessee REALTORS

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Estimated Payment

$ 653.22 per month $577.53 Principal & Interest $0.00 Property Tax (data not provided by mls) $75.69 Homeowner's Insurance

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