$312,500
●
House -
Off Market
217 Creedle Drive
Clarksville, VA 23927
4 Beds
2 Baths
1,800 Ft²
$1,657
Est. Monthly
8.64%
Cap Rate
About This Property
INVESTMENT OPPORTUNITY IN KERR LAKE REGION: Updated corner Building
offers FURNISHED LIVING on each level: 2 Bedrooms/1 Bath with full
Kitchen & Living area on EACH level. Each has its own electric
Meter, Heat Pump, washer/dryer ,fully furnished etc. The first
level offers a concrete Patio & the 2nd a balcony. Within minutes
of Occoneechee State Park or Rudd's Creek Ramp for Kerr Lake
access. Microsoft also just minutes away. Use one apartment for
your own ''pied a terre'' at the lake & rent the other out. OR Buy
for investment ...better than $ in the bank at the typical rental
rates. UPSTAIRS has a month to month renter at $2,200 per month!
You do the math & make this your place to play & make money
in Kerr Lake Region!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$181
Property Type
House
Property Taxes
$61
HOA Dues
-
Year Built
1948
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #10037607)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 25, 2024 | Sold | ||
| Sold | |||
| Jun 25, 2024 | Listed by POINTE REALTY GROUP LLC | $325,000 | |
| Listed by POINTE REALTY GROUP LLC | |||
| | |||
|
INVESTMENT OPPORTUNITY IN KERR LAKE REGION: Updated corner Building offers FURNISHED LIVING on each level: 2 Bedrooms/1 Bath with full Kitchen & Living area on EACH level. Each has its own electric Meter, Heat Pump, washer/dryer ,fully furnished etc. The first level offers a concrete Patio & the 2nd a balcony. Within minutes of Occoneechee State Park or Rudd's Creek Ramp for Kerr Lake access. Microsoft also just minutes away. Use one apartment for your own ''pied a terre'' at the lake & rent the other out. OR Buy for investment ...better than $ in the bank at the typical rental rates. UPSTAIRS has a month to month renter at $2,200 per month! You do the math & make this your place to play & make money in Kerr Lake Region!
| |||
| May 15, 2024 | No longer available | - | |
| No longer available | |||
| Dec 1, 2023 | In contract | - | |
| In contract | |||
| Mar 1, 2023 | Listed by Long & Foster - Victoria | $250,000 | |
| Listed by Long & Foster - Victoria | |||
| | |||
|
THE NEWLY REMODELED FINCHLEY STORE LANDMARK. Built in 1948 is now renovated as 2-2 bedroom apts, kitchen family room, full bath, both apts are about 1064 sqft each. Live in one and rent out the other to help pay your mortage or rent both as a investment property. As you all know there are no rentals available in this area. This property is centrally located in the middle of the county and 5 minutes to Microsoft, the largest rental draw in Mecklenburg County. You are also 5 minutes to Kerr Lake, the largest man made lake in Virginia where it is the best cat fishing east of the Mississippi, along with all the fun in the sun you can imagine. Investers call for a showing! The manager has listed the unit size as 2128 square feet.
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Mecklenburg
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Listed by: Karin Kuhn, POINTE REALTY GROUP LLC
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10037607
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10037607
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