166 Warner Myers Rd, Pennington Gap, VA 24277
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166 Warner Myers Rd, Pennington Gap, VA 24277
166 Warner Myers Rd, Pennington Gap, VA 24277
166 Warner Myers Rd, Pennington Gap, VA 24277
166 Warner Myers Rd, Pennington Gap, VA 24277
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166 Warner Myers Rd Pennington Gap, VA 24277


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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Part Of Tract 3

MLS Listing ID 1348143

Year Built 1984

Lot Dimensions .

Source East Tennessee REALTORS® MLS

Property Description

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.

Location

State VA

County Lee County - 23

Rooms

Other Rooms Other

Interior

Heating Baseboard, Electric

Cooling Window Unit(s)

Flooring Laminate, Carpet, Vinyl, Tile

Window Features Windows - Insulated

Appliance Dryer, Range, Refrigerator, Washer

Heat Source Baseboard, Electric

Exterior

Exterior Feature Windows - Insulated

Parking Features Off-Street Parking, On Premise Parking

Garage Description Off-Street Parking, On Premise Parking

Roof Type Shingle

Garage No

Building

Faces Wilderness Rd to Greenwood Ave to Warner Myers Rd

Structure Type Vinyl Siding,Frame

Others

Tax ID 23E-(56)-3A

Energy Description Electric

Acceptable Financing New Loan, Cash, Conventional

Listing Terms New Loan, Cash, Conventional


Listed by Century 21 Virginia Wilder Real Estate
Fawn Shope
Fawn Shope

Agent | License ID: 351535

+1(865) 742-4037 | foreverfawncollective@gmail.com

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166 Warner Myers Rd