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$259,500
Active 41 days on market

166 Warner Myers Rd

Pennington Gap, VA 24277 · Part Of Tract 3 · Lee County

1984 built

Financing this home

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Financing accepted
CashConventionalNew Loan

About this property

Turnkey Multifamily Investment Opportunity - 6-Unit Apartment Building with a current 9.59% CAP rate (and lots of room to grow) Income-producing multifamily assets of this size rarely become available in the Lee County market. This 6-unit apartment building presents an outstanding opportunity for investors seeking immediate cash flow, long-term appreciation, and the stability that comes with multiple income streams. Whether you're expanding an established portfolio or purchasing your first multifamily investment, this property offers the scale to generate consistent rental income while reducing vacancy risk through diversified units. With six separate rental opportunities under one roof, investors can benefit from stronger cash flow potential than traditional single-family rentals. Conveniently located in Pennington Gap, the property offers easy access to local employers, schools, shopping, and everyday amenities, helping support continued tenant demand. As rental inventory remains limited throughout the region, well-positioned multifamily properties continue to be among the most sought-after investment opportunities. Opportunities like this don't stay on the market long. Add a proven income-producing asset to your portfolio, capitalize on the growing demand for quality rental housing, and position yourself for both immediate returns and long-term wealth creation. Schedule your private tour today and discover why multifamily investing remains one of the strongest paths to building lasting real estate wealth.

Facts & features

Overview

Type
Residential Income
Tax jurisdiction
City limits
HOA
None
Year built
1984
Show all facts & features Show less

Parking

On Premise ParkingOff Street

Listing details

MLS #
1348143
Status
Active
Days on market
41 days

Location

166 Warner Myers Rd, Pennington Gap, VA 24277 Part Of Tract 3 · Lee County Open in Maps

Listing courtesy of Century 21 Virginia Wilder Real Estate. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates.