308 Armory Rd, Galax, VA

House

For Sale

Listed price in listed location currency (USD).

$650,000

1210

MLS® 112067

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 7344 sqft

Garage

Taxes $7,431

Days Active 2

Lot Size 0.75 Acres

Approx. Age 1988

Avg. Price Per Sqft $88

MLS® Number 112067

Property Address: 308 Armory Rd, Galax, VA, 24333-2229

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number112067

Laundry LevelMain

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1988

BasementFull, Unfinished

DrivewayPaved

Garage Spaces

HeatHeat Pump

A/CCentral Air

Extras

Rooms

Change to metres

Basement:Not available

Map

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