765 Water Wheel Road, Galax, Virginia, 24333
2,788 Sqft
3.30 Acres
#428661
Twin Brooks Lodge offers a rare investment opportunity combining income-producing apartments, historic charm, and unique property features. Originally built to accommodate tourists as an Airbnb, the property now provides housing for five full-time tenants. The apartment building features five efficiency apartments, including one handicap-accessible unit. Each apartment offers 1 bedroom, 1 bath, a living area, and an eat-in kitchen equipped with a refrigerator, microwave, hot plate, and sink. Hardwood floors and mini-split heating and cooling provide comfort and easy maintenance. Adding to the property's character is a 2 bedroom historic log cabin, previously used as a rental and currently vacant add more income producing potential. The cabin is being sold as-is. Additional historic features include a log kitchen/shelter and a grist mill. Enjoy the peaceful setting and soothing sounds of two streams flowing through the property. A truly unique investment property.
PROPERTY FEATURES
- Water Source : Well, Private
- Sewer : Septic Tank
- Parking Features: Off Street
- Architectural Style : Contemporary, Ranch
- Cooling on Property:
- Cooling: Central Air
- Heating on Property:
- Heating : Baseboard, Electric
- Construction Materials: Block
- Levels: One
- Roof: Shingle
- Basement Description : Crawl Space
- Appliances : Electric Water Heater
- Flooring : Hardwood, Vinyl
PROPERTY DETAILS
ID: 428661
Status: Active
Price: $550,000
Acres: 3.30 Acres
Price Per Acre: $166,667
Type: Multi-family
Address: 765 Water Wheel Road
City, State: Galax, Virginia
County: Grayson
Zip Code: 24333
Lat/Long: 36.674956, -80.950842
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