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166 Warner Myers Rd

Pennington Gap, VA 24277
  • $259,500
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: 1348143
UPDATED: 188 min ago
$259,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:
Lee

School Ratings & Info

Description

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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© 2026 East Tennessee REALTORS®. All rights reserved. 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. Some or all of the listings displayed may not belong to HPG Horner Property Group | Realty Executives. Information is deemed reliable but is not guaranteed accurate by the MLS or HPG Horner Property Group | Realty Executives. Data last updated: 2026-08-14T23:47:46.213.
www.detailsatyourhomesoldguaranteedtn.com/homes/178812355
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166 Warner Myers Rd Pennington Gap, VA 24277

  • Price: $259,500
  • Status: Active
  • On Site: 31 Days
  • Updated: 188 min ago
  • ID#: 1348143
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1984
Built
Neighborhood:
Part Of Tract 3
County:
Lee
Area:
Pennington Gap
Property Description
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.
Exterior Features

Attached Garage YN No Exterior Features [] Garage Parking Off Street Parking Yes Garage Parking On Premise Parking Yes Parking Features Off-Street ParkingOn Premise Parking Roof Shingle Yes

Interior Features

Appliances DryerRangeRefrigeratorWasher Cooling Window Unit(s) Flooring LaminateCarpetVinylTile Heating BaseboardElectric Interior Features [] Misc Features Internet Available2 Yes Misc Features Washer Dryer Connect Yes

Property Features

Auction YN No Construction Materials Vinyl SidingFrame Fuel Electric Yes Listing Terms New LoanCashConventional New Financing Cash Yes New Financing Conventional Yes Other Structures [] Property Status N/A Property Sub Type Five Or Six Plex Yes Sale Includes No Furnishings Yes Security Features [] Type Of Unit Unfurnished Yes Utilities []

Listing information © 2026 East Tennessee REALTORS®.
Listing provided courtesy of Century 21 Virginia Wilder Real Estate: .


© 2026 East Tennessee REALTORS®. All rights reserved. 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. Some or all of the listings displayed may not belong to HPG Horner Property Group | Realty Executives. Information is deemed reliable but is not guaranteed accurate by the MLS or HPG Horner Property Group | Realty Executives. Data last updated: 2026-08-14T23:47:46.213.
 
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Knoxville TN, 37922