Multifamily (Multi Family)

201 South 5th St, Big Stone Gap, VA 24219

Exceptional multi-unit investment opportunity in a prime location! Welcome to 201 and 203 E 5th Street a cash-flowing property packed with potential and positioned just steps from the popular Greenbelt walking track, shopping, dining, and local amenities.This unique income-producing property currently generates approximately $2,000 per month and features:* Commercial storefront space with a long-term tenant in place* Three 1-bedroom apartments* One 2-bedroom apartment* Additional large storage area with the potential to be converted into another income-producing unitOne of the 1-bedroom apartments previously experienced fire damage that was isolated to that unit only and will require a full rehab, creating the perfect value-add opportunity for investors looking to increase rents and overall property value.With multiple income streams, expansion possibilities, and a highly convenient in-town location, this property is ideal for investors seeking strong upside potential. Whether you're looking to expand your rental portfolio, create additional units, or maximize commercial and residential income together, opportunities like this don't come around often. Endless possibilities await at 201 and 203 E 5th Street!

Geographical

County: Wise

Subdivision:

Zoning: GB

School System

Union Elementary

Union Middle

Union High

Exterior Finish: Vinyl Siding 

Photos