308 Armory Rd, Galax, VA 24333

Excellent investment opportunity in a desirable Galax location! This 8-unit complex is comprised of four duplex-style townhomes and offers strong gross rental income with a solid NOI. The property provides additional upside potential, with room for rent growth among several longer-term tenants. A couple of the units have been recently renovated, providing a great example of the potential for continued improvements throughout the complex. All eight units feature full basements, offering tenants valuable additional space and storage, while two units also include private garages. The property is conveniently located just a short drive from town, combining easy access to Galax amenities with an attractive residential setting. With established rental history, good current income, and opportunities to increase rents and further improve units over time, this property offers an appealing combination of immediate cash flow and long-term investment potential. A great opportunity to add a substantial multifamily asset to your portfolio!

Great investment property which carries nearly 100% occupancy. 4 separate duplexes. All are 2 bedroom, 1 1/2 bathroom units. 3 duplexes have basements and 1 duplex has garage under. Of the ones with basements, 1 duplex has both sides partially finished. Tenants enjoy the outdoor living on the back decks which provide amazing views. All units are currently occupied.