331 Penny Lane Independence, VA ^$ 350,000

331 Penny Lane

^$ 350,000

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331 Penny Lane

Independence, VA, 24348

^$ 350,000

Bedrooms9 Baths6.0 Sq 4,192

Monthly Estimate*

^$ 2,326

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Multi-Family Home for sale in Independence, VA

for $350,000 with 9 bedrooms and 6 full baths. This 4,192 square foot home was built in 2000 on a lot size of 4.137.

Great investment opportunity with multi-family housing in a quiet country setting in the Pine Mountain Community. Includes a total of 6 units, all one story for easy access. With a reliable rental history, one possibility is to live in one unit while renting the remaining units to pay your mortgage. These units will work for younger or older families with one level living and a less traveled location at the end of a lane. Includes 4.14 acres with an area for an additional rental unit or RV parking with water and septic hookup already in place. Call us to take a look at this unique investment opportunity!

Multi-Family Pending

Price

^$ 350,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,272

Style

Multi-Family

Lot Size

4.137

Year Built

2000

Town/City

Independence

County/Region

Grayson

MLS | Web ID

86928

Features

General

Interior Features Dry Wall Newer Floor Covering

Sewer Septic System

Heating Baseboard Electric

Cooling None

Roof Shingle

Appliances Other-See Remarks

Laundry Y/N Main Level

Water Heater Electric

Exterior Features Gravel Driveway Out Buildings RV Parking

Exterior

Garage/Carport No

* Excluded Features

List By

Morton Realty & Auction

Broker

cmorton@mortonrealty.com

Affordability Calculator

$2,432

Per Month

Monthly Principal & Interest: $2,326
Monthly Property Taxes: $106
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Independence, VA

Average List Price ^$251,333

Percent of Sale Price 28%

About Independence, VA

799 Population

-9% Since 2002

^$31,139 Median Income

48.75 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1875369 Elementary School

1875330 Middle School

Grayson County High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/6/2023	$350,000	-11.39%	Price Down
6/13/2023	$395,000		Listed Price

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331 Penny Lane, Independence, VA, 24348 is a Multi-Family Home for sale at $350,000 with 4,192 sqft and a lot size of 4.137. 331 Penny Lane has 9 bedrooms, 6.0 baths, and was built in 2000. The property's zip code is 24348 which is in Independence, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Virginia Association of REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Virginia Association of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Data is updated as of 6/3/2024.

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331 Penny Lane

Multi-Family Home for sale in Independence, VA

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