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INCOME PRODUCING PROPERTY AUCTIONS

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Auction Details

Address

101 Roseland Road

Galax VA 24333

Date

07/31/2021
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Time

10:00 am
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Type

Real Estate Auction

Online Bidding?

None

TWO (2) INCOME PRODUCING PROPERTY AUCTIONS

SAT., JULY 31, 2021 – 10:00 AM

4 SEASONS CAR WASH (5 SELF-SERVICE BAYS) ON ½ AC. LOT- 101 Roseland Rd. – Galax, VA  24333

(ABSOLUTE AUCTION)  – 2,300 SQ. FT. HOME WITH 2 APARTMENTS ON A ½ AC. LOT & AN ADJOINING .30 (+-) AC. OPEN LOT – 1003 W. Stuart Dr. – Galax, VA  24333

Four Seasons Car Wash features 5 total self service bays each with its own elec. pump, one bay ready for a touchless automatic system and one oversized bay for large equipment/trucks.  Detached vacuum islands, detail station and public water & sewer with City of Galax.  Car Wash sits on a .63 (+-) ac. paved lot with 131’ of frontage on Roseland Rd. & a small wooden storage building.  Zoned B-2 (General Business).

(ABSOLUTE AUCTION) Vinyl sided home with over 2,300 sq. ft. of living area divided into two apartments.  Upper apartment has 2 bedrooms/1 bath and currently rents for $450.00 per month.  The lower apartment has 3 bedrooms/1 bath and currently rents for $450.00 per month.  Range & refrigerator stay with both units, oil monitors for heat and public water & sewer.  Home sits on a .58 (+-) ac. lot with a paved drive, 20.13’ of frontage on W. Stuart Dr. and a sm. storage building.  Zoned B-2 (General Business) Note:  Potential buyers will have from July 21st until July 30th to conduct a lead-based paint contamination test if they so desire.

(ABSOLUTE AUCTION) .30 (+-) ac. open adjoining lot with 70.2’ of frontage on W. Stuart Dr.  Public water & sewer are available and lot is zoned B-2 (General Business). Note:  This lot will be offered separate and together with the house lot.

Terms:  10% deposit day of auction, balance within 30 days at closing.

Inspection:  Call our office anytime to see either of these properties.

Auctioneer’s Note:  Great Opportunity to purchase one or more instant income producing properties!!  Apartments fully rented and Car Wash still in full operation!

Directions To Car Wash:  From stoplight in Galax, VA at int. of Rt.# 58 & Rt.# 89 (Main St.), continue W. on Rt.# 58 for 1.2 mi. to W. Stuart Dr., turn L & go 2/10 mi. to Roseland Rd., turn R & go 1/10 mi. to prop. on left.  To  Home & Lot: Continue on W. Stuart Dr. for another 1/10 mi. and prop. is on right.

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