166 Warner Myers Rd, Pennington Gap, VA

$247,500

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About 166 Warner Myers Rd

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.

Features of 166 Warner Myers Rd

MLS® # 1348143
Price $247,500
Year Built 1984
Status Active

Community Information

Address 166 Warner Myers Rd
Area Lee County - 23
Subdivision Part Of Tract 3
City Pennington Gap
County Lee County - 23
State VA
Zip Code 24277

Amenities

Features Internet Available, WasherDryer Connect
Parking Off-Street Parking, On Premise Parking
Has Pool No

Interior

Appliances Dryer, Range, Refrigerator, Washer
Heating Baseboard, Electric
Cooling Window Unit(s)
Fireplace No
Has Basement No

Exterior

Exterior Vinyl Siding, Frame
Construction Vinyl Siding, Frame

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Virginia Wilder Real Estate

Listing Map

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