HOUSE, SHOP & 3.6 ACRES (±)

INCOME GENERATING!!!!!

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Brief Description

Start the new year off with this deal of a lifetime! This property is currently generating $1,425 a month in income! The brick ranch house is over 1,300 square feet with a full basement with a separate apartment.

Auction Schedule

Live On-Site Auction

Began: Saturday, January 07, 2017 at 10:00 AM EST

Location 20190 Cole Lane, Bristol, VA 24201

Inspection

Began: Saturday, December 31, 2016 at 12:00 PM EST

Ended: Saturday, December 31, 2016 at 2:00 PM EST

Location 20190 Cole Lane, Bristol, VA 24201

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Details

HOUSE, SHOP & 3.6 ACRES (±)

20190 Cole Lane, Bristol, Virginia

Saturday, January 7, 2017 • 10:00 A.M.

No Buyers Premium!

 

Attention Investors and Home Buyers! Start the new year off with this deal of a lifetime! This property is currently generating $1,425 a month in income! The brick ranch house is over 1,300 square feet with a full basement with a separate apartment. The upstairs is 3 bedrooms and 1 bath. There is a kitchen, living room, and dining room. It has an electric heat pump and hardwood floors throughout! It rents for $550.00 per month! The basement has a 980 square foot apartment with 1 bedroom and 1 bath, a kitchen, and living room! There’s laminate flooring and baseboard heat. It rents for $325 per month! There is also a 2 car garage in the basement! The shop is a 30’ x 42’ block building with 3 overhead doors and concrete floor. It has an office with baseboard heat and a loft for storage. It could be used for almost anything and it rents for $550 per month! There is also a separate 12’ x 14’ office building. All of this sits on an open and level 3.6 acres (±) with public water. This property is zoned R2. The location is just seconds from I-81 and minutes from Abingdon and Bristol! If you are interested in the home, you can use the income from the shop to help pay your mortage! If you are interested in the shop, use the house to pay your mortage or have it all rented and put money in your pocket! The timing is perfect! Interest rates will not be this low much longer! 

 

TERMS: 5% down, balance @ closing in 30 days or as soon as legal documents can be prepared.

INSPECTION: Saturday, December 31 from 12 Noon to 2:00 P.M. Saturday, January 7 @ 9:00 A.M. prior to Auction.

 

DIRECTIONS: From I-81: Take Exit 10 , follow road to Hwy. 11, turn right onto Hwy. 11 North, go .4 miles, turn left onto Cole Lane, go 1 block to Auction on left.  

 

 

Please note under title X the purchaser of a single family residence has a maximum of 10 days to conduct a risk assessment or inspection of a structure built before 1978 for the presence of leadbased paint and/or lead based paint hazards. The date of the appearance of the first advertisement for this property begins this 10 day time period. Seller and Auction Company assume that purchaser has inspected structures situated on the property prior to bidding and that property is suitable for purchasers use. Purchasers should rely strictly upon their own judgement in bidding.

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Auction Terms

5% down, balance @ closing in 30 days or as soon as legal documents can be prepared.

Directions

From I-81: Take Exit 10 , follow road to Hwy. 11, turn right onto Hwy. 11 North, go .4 miles, turn left onto Cole Lane, go 1 block to Auction on left.

Map

The Counts Realty and Auction Group

http://countsauction.com

828 Main Street Lynchburg, VA 24504

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