$243,899 | 13+ Acres with 3 Homes and Room to Build
Attention investors! Here’s a rare opportunity to own a multi-home property on 13.23 acres for just $243,899, with plenty of potential for further development. Originally built in 1935 to house railroad employees, this property features three distinct homes and additional creek-front land on the opposite side of 311. While the homes need repairs, this project is perfect for those ready to transform a unique piece of history into a profitable investment.
Property Highlights:
- Main Home: 5 bedrooms, 2 full baths, 2,154 sq. ft.
- Second Home: 3 bedrooms, 1 full bath, ideal for additional rental income.
- Third Home: An old bunkhouse with potential for restoration.
- Expansive Land: 13.23 acres, including 96 feet of road frontage on 311 and creek-front property on the other side of the road.
- Development Potential: Ample space to build additional homes or expand current structures.
Additional Details:
- Price: $243,899
- Address: 2452 Lost Hollow Rd, Salem, VA 24153
- Lot Size: 13.23 acres
- Access: Current access via Lost Hollow Rd, with additional road frontage on 311.
- Condition: The property requires repairs and will not qualify for traditional financing. Cash buyers or hard money financing only.
This property offers a unique combination of seclusion and proximity to town, making it ideal for a rental portfolio, a multi-family setup, or a creative redevelopment project.
Don’t miss out—schedule a viewing today and explore the potential of this investor special! If you’re interested in learning more about this unique property, please contact the listing agent through the Zillow link provided below the photos.
Listed for sale on Zillow
