Courtesy: Century 21 Virginia Wilder Real Estate
276-861-2023
Turnkey Multifamily Investment Opportunity - 6-Unit Apartment Building with a current 9.59% CAP rate (and lots of room to grow) Income-producing multifamily assets of this size rarely become available in the Lee County market. This 6-unit apartment building presents an outstanding opportunity for investors seeking immediate cash flow, long-term appreciation, and the stability that comes with multiple income streams. Whether you're expanding an established portfolio or purchasing your first multifamily investment, this property offers the scale to generate consistent rental income while reducing vacancy risk through diversified units. With six separate rental opportunities under one roof, investors can benefit from stronger cash flow potential than traditional single-family rentals. Conveniently located in Pennington Gap, the property offers easy access to local employers, schools, shopping, and everyday amenities, helping support continued tenant demand. As rental inventory remains limited throughout the region, well-positioned multifamily properties continue to be among the most sought-after investment opportunities. Opportunities like this don't stay on the market long. Add a proven income-producing asset to your portfolio, capitalize on the growing demand for quality rental housing, and position yourself for both immediate returns and long-term wealth creation. Schedule your private tour today and discover why multifamily investing remains one of the strongest paths to building lasting real estate wealth.
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Pennington Gap is located in Virginia. Pennington Gap, Virginia has a population of 2,079. Pennington Gap is less family-centric than the surrounding county with 8.42% of the households containing married families with children. The county average for households married with children is 19.44%.
The median household income in Pennington Gap, Virginia is $20,814. The median household income for the surrounding county is $37,574 compared to the national median of $69,021. The median age of people living in Pennington Gap is 33.6 years.
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 23.3 degrees. The average rainfall is approximately 52.1 inches per year, with 16.6 inches of snow per year.
