Forest VA Multi Family for Sale
$2,350,000
1120 River Oak Dr Forest, VA 24551
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 7.23 Acres
- Year built:
- 1984
- Baths:
- MLS#:
- 355711
View additional info
Courtesy: Cornerstone Realty Group Inc
434-810-6732
ADDITIONAL INFORMATION
Do you want to own rental property in Forest in nice condition that is easy to maintain and rent, then Willow Oak Village is for YOU! A unique property consisting of 17 two bedroom, one bath units. It made up of 5 single family homes, a 3 plex, a 9 plex on 7 acres and views of the Peaks of Otter. Several units have been recently renovated with new granite, cabinets and LVP flooring. Other major work completed including metal roofs on all buildings and new asphalt parking lot and driveway. Owner pays for lawn maintenance, county water and trash pickup. Tenants pay their own electric and each has a heat pump. Each unit has washer/dryer hookups. Forest Schools. Includes a 48 X 24 Garage under the 9 plex used as a shop or storage. All units are on one Deed and can not be separated. All units occupied under annual leases. Could possibly build additional units on the existing property.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange ("IDX") program of the Lynchburg Association of REALTORS. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright 2024 Lynchburg Association of Realtors. All rights reserved.
Forest Real Estate
The median home value in Forest, VA is $465,625. This is higher than the county median home value of $280,400. The national median home value is $338,100. The average price of homes sold in Forest, VA is $465,625. Approximately 71.63% of Forest homes are owned, compared to 24.08% rented, while 4.29% are vacant. Forest real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Forest real estate agent to arrange a tour today!
Forest, Virginia has a population of 11,045. Forest is more family-centric than the surrounding county with 29.61% of the households containing married families with children. The county average for households married with children is 25.68%.
The median household income in Forest, Virginia is $80,000. The median household income for the surrounding county is $70,870 compared to the national median of $69,021. The median age of people living in Forest is 45.1 years.
Forest Weather
The average high temperature in July is 85.5 degrees, with an average low temperature in January of 24.8 degrees. The average rainfall is approximately 42.6 inches per year, with 13.3 inches of snow per year.