108 Kitten Lane Rural Retreat, VA 24368
16 bed / 4 bath / 10,000 Sq. Ft. / 160,301 Sq. Ft., 3.68 acres lot size / Multi-Family
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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.
property details
Type
Multi-Family
Status
Active
County
Wythe
Year Built
1970
Sq. Ft.
10,000
Lot Size
160,301 Sq. Ft., 3.7 acres
Listing Id
109883
Courtesy Of
Christopher Fox - BHHS- Mountain Sky Properties, Wytheville 2762288882
List Office Phone
+1 (276) 228-8882
Subdivision
N/A
Interior Features
Beds
16
Living Area Units
Sq. Ft.
Flooring
Vinyl
Laminate
Laminate
Appliances
Refrigerator
Range
Range
Bathrooms Total
4
Exterior Features
Parking
Gravel
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Heating
Heat Pump
Building Area Total
10,000 Sq. Ft.
Architectural Style
Other
Price History
| date | event | price | source |
|---|---|---|---|
|
04/30/2026
04/30/2026
|
Active |
$650,000
|
Southwest Virginia Board of Realtors |
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Market Trends
Source: Constellation1
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