About This Home

This 16-bedroom, 4-bathroom residential multi family at 108 Kitten Lane in Rural Retreat, VA is listed for $650,000 ($65 per sqft). Built in 1970, the home offers 10,000 sqft of living space on a 3.68 acres lot.

Key Features

  • Built in 1970
  • 3.68 acre lot

Property Details

4 full
1970

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$3,476/mo

20% down · 6.5% · 30 years

Principal$470
Interest$2,817
Insurance$190

Estimates only. Actual payments may vary.

Location

108 Kitten Lane

Rural Retreat, VA 24368

Property Details

Flooring

LaminateVinyl

Construction

Brick Vinyl Siding Dry Wall

Heating

Heat Pump (Heating)

Cooling

Central Air

Appliances

RangeRefrigerator

Questions & Answers

This 16-bedroom, 4-bathroom residential multi family at 108 Kitten Lane is listed at $650,000 ($65/sqft). The estimated monthly payment is $3,477 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1970, 3.68 acre lot.

This property is listed by Christopher Fox.

CF

Christopher Fox

Agent at Mountain Sky Properties

Listed by Mountain Sky Properties · Broker phone: (276) 228-8882 · View on Broker Site · Broker website

MLS# 109883· Source: Southwest Virginia Association of Realtors· 5 days on PropertySimple

Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

108 Kitten Lane, Rural Retreat, VA 24368

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