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5656 Sam Snead Hwy, Hot Springs VA 24445
- $359,000
- MLS #:683113
- 0beds
- 0baths
- 0half-baths
- 3,800sq ft
- 1.00acre
Square Ft Finished: 3,800
Square Ft Unfinished: 0
Neighborhood: None
Elementary School: Valley
Middle School: NONE
High School: Bath
Property Type: residential
Subcategory: Quadruplex
HOA: No
Area: Bath
Year Built: 1900
Price per Sq. Ft: $94.47
Excellent investment opportunity in Hot Springs! This fully occupied 4-unit apartment building offers immediate rental income with potential for increased returns. Each spacious unit features 1 bedroom, 1 bathroom, over 900 square feet of living space, and separately metered electricity. Currently generating $2,650 per month ($31,800 annually), the property offers upside potential, with existing rents reportedly below market rates. Situated on approximately one acre, the property may also offer additional development opportunities toward the rear of the lot, subject to applicable zoning and approvals. Conveniently located near The Omni Homestead Resort and downtown Hot Springs, this income-producing property presents an attractive opportunity for investors seeking steady cash flow and long-term appreciation potential. A great addition to any investment portfolio!
1st Floor Master Bedroom: EatInKitchen
HOA fee: $0
View: Mountains, Residential
Security: SmokeDetectors
Design: Victorian
Roof: Architectural
Driveway: Concrete, FrontPorch, Patio, Porch
Windows/Ceiling: Screens
Garage Num Cars: 0.0
Electricity: Underground
Cooling: WindowUnits
Air Conditioning: WindowUnits
Heating: Baseboard, Electric
Water: Public
Sewer: PublicSewer
Features: Carpet, Hardwood, Linoleum
Basement: ExteriorEntry, Full, Unfinished, StorageSpace
Appliances: ElectricRange, Refrigerator, Dryer, Washer
Laundry: CommonArea
Amenities: Laundry, PicnicArea, Playground, Storage
Possession: CloseOfEscrow
Kickout: No
Annual Taxes: $1,661
Tax Year: 2026
Legal: 94A1-2-21
Directions: Sam Snead Hwy