Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
16 Beds
4 Baths
10,000 sqft

$650,000

108 Kitten Lane, Rural Retreat VA, 24368

Price per sqft$65.00
Built in1970
Property size10,000 sqft
Property typeMulti-family

Overview

Active

Listed May 1, 2026

Updated 9 days ago

Excellent investment opportunity with strong existing cash flow and room to grow. This 3.86-acre multi-family property features a total of 7 income-producing units plus 2 additional tenant-owned mobile homes providing lot rent income. The property includes two duplexes totaling four 2-bedroom, 1-bath units, along with three mobile homes consisting of two 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit. All units are individually metered with public water and sewer already in place, making management efficient and straightforward. Current gross annual income is approximately $73,800 with an NOI of approximately $66,105. Situated directly on Route 11, the location offers excellent accessibility, just 3 minutes from Exit 60 off Interstate 81 and only 10 minutes from Wytheville. The expansive acreage provides a tremendous opportunity for future development or expansion, with plenty of additional space for more units or improvements. Whether you're looking to expand your portfolio with a stabilized income-producing asset or seeking a property with long-term development potential, this versatile multi-family package offers both immediate returns and future upside.

$4,324/mo

Est. mortgage payment based on a $650,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
109883

Interior Features

Bedrooms
16
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
3.68 Acres

Other Property Details

Taxes
$2,467
Tax Frequency
Annually
Maintenance Expense
$1,698

Listed by Christopher Fox with BHHS- Mountain Sky Properties, Wytheville 276-617-0189

Based on information from the Southwest Virginia Association of REALTORS as of 10/16/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 Southwest Virginia Association of REALTORS all rights reserved.

Data last updated on 10/16/2026 at 7:07 AM UTC Last Checked: 7:07 AM UTC

 

 

Powered by Luxury Presence