Investment opportunity with immediate cash flow! Situated on approximately 9 acres, this income-producing property features 3 double-wide homes, 3 single-wide homes, and 2 additional rented lots, offering multiple streams of revenue. Currently generating $3,375 per month in rental income, this property is an excellent addition to any investment portfolio. The acreage includes a large pasture, providing additional potential for future use or expansion. Whether you're looking to live on-site while the remaining units help cover your expenses or seeking a turnkey investment with established income, this property offers tremendous potential and flexibility. Don't miss your chance to own a multi-unit income-producing property with room to grow! All information to be verified by all buyers and buyer's agents as it was gathered from public records. Subject to Errors and Omissions
Potential Income-Producing Mobile Home Park Opportunity in Virginia! This established trailer park features 3 total units with excellent income-producing potential and opportunity for future growth. Conveniently located with easy access to local amenities, shopping, and major roadways, this property presents a great investment opportunity for both seasoned investors and those looking to expand their portfolio. With value-add possibilities and long-term investment potential, this multi-unit property offers the chance to create steady cash flow in a growing market. Don't miss this opportunity to invest in Virginia real estate with strong upside potential. Schedule your showing today!
Discover Coeburn's architectural gem—the town's largest 3-story building, a rare find brimming with potential! This unique property offers a blend of commercial and residential spaces, perfectly positioned to be a key player in the revitalization of Coeburn's historic downtown. Ground Floor: The spacious commercial area is ideal for a variety of businesses, from a cozy café or trendy eatery to a vibrant service-oriented enterprise. The foot traffic and visibility here are unmatched, making it a prime spot for your business vision to come to life. This level also has 1 well-laid-out apartment. Second Floor: This level boasts 4 well-laid-out apartments, ready to generate steady rental income. With the demand for housing in the area, these units offer a great opportunity for passive income or could be upgraded to attract premium tenants. Third Floor: This level has 1 well-laid-out apartment & a partially built out area, this floor features a stage and expansive windows with views of Front Street. This space is perfect for a community gathering spot, an event venue, or even a unique loft-style apartment, offering endless possibilities for creative use. The current owner is open to seller financing with specific terms, making this an even more attractive investment opportunity. Whether you're an entrepreneur looking to establish a business, a savvy investor seeking rental income, or someone with a vision for both, this property is your canvas. Don't miss out on owning a piece of Coeburn's history. This building is not just a property; it's a cornerstone of the town's past with the potential to shape its future. Seize this rare opportunity and make your mark on Coeburn's downtown revival!
Coeburn is located in Virginia. Coeburn, Virginia has a population of 1,615. Coeburn is more family-centric than the surrounding county with 34.54% of the households containing married families with children. The county average for households married with children is 27.07%.
The median household income in Coeburn, Virginia is $48,714. The median household income for the surrounding county is $44,884 compared to the national median of $69,021. The median age of people living in Coeburn is 43.6 years.
The average high temperature in July is 80.2 degrees, with an average low temperature in January of 22.4 degrees. The average rainfall is approximately 47.4 inches per year, with 44 inches of snow per year.