110 Merifield Rd Willis, VA $ 179,000
110 Merifield Rd
$ 179,000
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110 Merifield Rd

Willis, VA, 24380
$ 179,000
Bedrooms-- Baths-- Sq 2,088

Monthly Estimate*

$ 1,117

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Commercial Property for sale in Willis, VA

for $179,000. This 2,088 square foot building was built in 1976.

Make an investment into a cash flowing rental property! Remodeled and updated this property offers 2 units, proven cash flow and is currently occupied with tenants who are on a month to month and agreeable to stay! Approximately 2,088 sq ft encompasses the entire structure. The lower unit features 1 BDR & BTH with an enclosed rear porch. Upper unit offers 2 BDR & 1 BTH. Split units supply both heat and air to each individual unit. Exterior of the building was remodeled in 2021 and interior completed in 2022. Larger well pump installed in 2023. Since remodel completion, the units have been consistently occupied by tenants making this a proven cash flow investment. The property cash flows approximately $24,600 annually. Property is located less than a half hour drive to Floyd and Hillsville VA.

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Commercial Pending

Price

$ 179,000

Property Type

Commercial

Taxes

$ 504

Style

Year Built

1976

Town/City

Willis

County/Region

Floyd

MLS | Web ID

97404

Features
Interior
Interior Amenities Other
Flooring Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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General
Sewer Septic Tank
Heating Ductless
Cooling Ductless
Utilities Separate Meters
Possession Close Of Escrow
Roof Metal
Zoning n/a
Construction Materials Metal Siding Frame
Year Built 1976
Property Subtype Mixed Use
Tax Year 2024
Current Use Other
Gross Income 24600
County Floyd
Net Operating Income 24600
New Construction N
Property Type Commercial Sale
HOA N
Attached Garage N
Garage Y/N N
Other Structures Additional Structures(None)
Status Pending
Directions From the Town of Floyd - Floyd Hwy S - after passing the Willis Village Mart the property will be on the right at the intersection of Merifield Rd
City Willis
MLS Area Floyd County
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 504
Showing Instructions Appointment Only Call/Text Listing Agent Other-See Remarks
Home Warranty Y/N N
Additional Parcels Y/N N
Virtual Tour tour.usamls.net/110-Merifield-Rd-Willis-VA-24380/unbranded
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Tax Lot 6245
Freehold IDX BBO
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Exterior
Exterior Amenities Other
Lot Features Other
Water Source Well
Spa N
Building Area Total 2088
Waterfront Y/N N
Other Equipment Equipment Leased(None)
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded Features
List By
United Country Blue Ridge- Floyd

Broker

levicox87@gmail.com

Email

Affordability Calculator

$1,159
Per Month
96%
4%
0%
Monthly Principal & Interest
$1,117
Monthly Property Taxes
$42
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1875416 Elementary School
1875515 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/26/2024$179,000 Listed Price

Map


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110 Merifield Rd, Willis, VA, 24380 is a Commercial Property for sale at $179,000 with 2,088 sqft. 110 Merifield Rd was built in 1976. The property's zip code is 24380 which is in Willis, VA