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Ashlee Sizemore

ashlee@ashoakrealty.com +1(540) 958-1653

Listed by Kimberly Hostetter eXp Realty LLC

$ 244,500

Est. payment -/mo

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Pending

1508 Chestnut Ave Buena Vista, VA 24416

4 Beds

3 Baths

1,856 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 1,856 sqft

Price per Sqft $131

MLS Listing ID 139993

Bedrooms 4

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 1989

Annual Tax Amount $1,372

Lot Size 1,856 Sqft

Acres 0.28

Lot Dimensions 100 X 125

Property Sub-Type Multi-Family

Source Rockbridge Highlands REALTORS®

Land Area 1856

Property Description

Income-producing opportunity with built-in cash flow and long-term flexibility. This unique Buena Vista property features two separate living spaces, making it an ideal investment for landlords, house hackers, or buyers seeking supplemental income. The primary residence offers 3 bedrooms, 1.5 baths, and 1,056 finished square feet with numerous recent updates, including fresh interior paint, updated flooring, kitchen and bath improvements, a new roof (2023), and a new water heater. A covered front porch, fenced backyard, level lot, and creek add to the property's appeal. The detached guest house, approximately 800 square feet with its own kitchen and bath, is currently leased through November 2026, providing immediate rental income from day one. Continue operating as an investment property, live in one unit while offsetting your mortgage with rental income from the other, or utilize the additional space for multi-generational living.

With separate living quarters, established rental income, and strong potential for owner-occupants and investors alike, this property offers a rare opportunity to build wealth through real estate while enjoying the flexibility of multiple income strategies. Conveniently located near downtown Buena Vista, local employers, schools, and outdoor recreation.

Location

State VA

County Rockbridge

Area 0.28

Zoning Other (Use Remarks)

Direction From Magnolia Ave. turn onto 14th St. and follow to Chestnut Ave. and turn left, find property on right.

Rooms

Basement Crawl Space

Interior

Heating Baseboard Electric

Cooling Other

Flooring Laminate

Fireplace No

Exterior

View Y/N No

Roof Type Other, Shingle

Garage No

Building

Water Public Water

New Construction No

Schools

Elementary Schools Kling/Enderly Hghts

Middle Schools Parry Mccluer

High Schools Parry Mccluer

Others

Tax ID TM#41-1-2-62-1

Ashlee Sizemore

Realtor | License ID: 0225274877

+1(540) 958-1653

Ashlee Sizemore

1508 Chestnut Ave Buena Vista, VA 24416

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1508 Chestnut Ave