108 Kitten Lane, Rural Retreat, VA 24368
Local realty services provided by:CENTURY 21 Prime Properties, Inc.
Listed by: christopher fox
Office: bhhs- mountain sky properties, wytheville
MLS#:109883
Source:VA_SWVAR
Price summary
- Price:$650,000
- Price per sq. ft.:$65
About this home
Excellent investment opportunity with strong existing cash flow and room to grow. This 3.86-acre multi-family property features a total of 7 income-producing units plus 2 additional tenant-owned mobile homes providing lot rent income. The property includes two duplexes totaling four 2-bedroom, 1-bath units, along with three mobile homes consisting of two 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. All units are individually metered with public water and sewer already in place, making management efficient and straightforward. Current gross annual income is approximately $73,800 with an NOI of approximately $66,105. Situated directly on Route 11, the location offers excellent accessibility, just 3 minutes from Exit 60 off Interstate 81 and only 10 minutes from Wytheville. The expansive acreage provides a tremendous opportunity for future development or expansion, with plenty of additional space for more units or improvements. Whether you're looking to expand your portfolio with a stabilized income-producing asset or seeking a property with long-term development potential, this versatile multi-family package offers both immediate returns and future upside....
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Home facts
- Year built:1970
- Subdivision & Development:N/A
- Listing ID #:109883
- Added:131 day(s) ago
- Updated:September 09, 2026 at 03:47 PM
Rooms and interior
- Kitchen Description:Refrigerator
- Basement Description:Crawl Space
- Living area:10,000 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Heat Pump
Structure and exterior
- Roof:Shingle
- Year built:1970
- Building area:10,000 sq. ft.
- Lot area:3.68 Acres
- Construction Materials:Brick, Vinyl Siding
- Exterior Features:Fence
Schools
- High school:Rural Retreat
- Middle school:Rural Retreat
- Elementary school:Rural Retreat
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$65
- Tax amount:$2,467 (2025)
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