901 Eighth Street, Radford, VA 24141

$625,000
2,970
SqFt

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List Price
$625,000
Days on Market
0
Status
ACTIVE
MLS#
428607
Living Area
2,970
Lot Size (Acres)
0.123
Style
Other - See Remarks

Property Description

A Radford landmark, reborn. This beloved neighborhood corner store has been given a remarkable second life as a Class A mixed-use investment, restored from the studs with exceptional craftsmanship and no shortcuts. Across from Sunset Park, it offers two 2BR/1BA apartments, an efficiency and 1,260 SF of flexible commercial space. Original hardwoods were revived while structure, layouts, plumbing, wiring, HVAC, roof, windows, doors, siding, kitchens, baths, appliances and finishes were comprehensively renewed. R-15 wall/R-60 roof spray foam, enhanced fire/sound separation, four electric meters, 1-inch water service, 6-inch sewer and 6-inch gutters reveal the investment behind the beauty. Seller's pro forma projects an annual NOI of $46,500, making this a 7.44% Cap opportunity. Own an income-producing piece of Radford history built for durability and low-maintenance ownership. Buyer to verify all info deemed important. Call to schedule your private tour of this revived property today!

Additional Information

Area
Radford City
Subdivision
Other
Taxes
$2,171
Flooring
Ceramic Tile, Hardwood, Tile
Heating
Heat Pump, Ductless / Mini Split
Cooling
Central Electric, Ductless / Mini Split
Water
Public Water
Sewer
Public System
School District
Radford
Elementary School
McHarg/Belle Heth
Middle School
Dalton Inter
High School
Radford

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Calculator source: Real Geeks

Listing courtesy of Sycamore Realtors.