Multi-Unit (5+) - Montvale, VA

This property is selling at public auction. See the auctioneer's website for bidding details. The listed price reflects the current tax value and not the final sale price. This income-producing property brings in $5,200 per month in gross rental income across five buildings, with additional potential for increased returns. Located just off Route 460 between Roanoke and Bedford, the property includes two apartments, two mobile homes, and a leased garage, all of which were fully occupied at the time of listing. Each unit has a separate entrance and long-term tenants, offering a ready-made income stream for investors. The property spans two tax parcels, is zoned R-1 in Bedford County, and is serviced by public water and private septic. Current rental breakdown is as follows: the front 3-bedroom, 1-bath apartment rents for $1,400 per month; the back 3-bedroom, 1-bath apartment rents for $1,400 per month; the front 2-bedroom, 2-bath trailer rents for $950 per month; and the left 2-bedroom, 2-bath trailer along with the garage space rents for $1,450 per month. There is also an unfinished space above the garage that could be converted into another apartment, as well as an unused garage that could be rented out separately. The current rents offer upside potential through rate increases, property improvements, or long-term reconfiguration. This is a strong opportunity for any investor seeking immediate cash flow with room for growth. All units were fully occupied at the time this listing was created; occupancy status may change. Property is being sold AS-IS. Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.