Brody Nash

(304) 208-6190

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(304) 736-6655

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Homes and Land Real Estate, Inc.

6007 US Route 60 E
Suite 240
Barboursville, WV 25504

(304) 208-6190

4484 McClellan Hwy, Branchland, WV 25506

$ 450,000

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Property Info

Status:Pending

MLS #:180431

Price:$ 450,000

Type:Multi-Family

Size:7,392 ft²

Lot Size:39,640 ft² (0.91 acres)

Remarks

Perfect for investors seeking effortless passive income, this high-yielding, low-maintenance property offers an attractive addition to your portfolio. A fully occupied 8 unit apartment building, generating a steady income of $6, 168 per month with approximately $1, 400 in expenses. This brick construction building consists of four 3 bedroom, 1 bath units and four 2 bedroom, 1 bath units. The well maintained property has 100% occupancy with the majority of the rent paid by HUD, ensuring reliable cash flow. Dedicated local property management and a bookkeeper handling HUD compliance are already in place, and both are available to stay on board if so desired. Additionally, the property features a permitted sewer treatment facility that is professionally maintained for hassle-free operations.

General Information

County:

Lincoln

Subdivision:

16 - Lincoln Co.

Building Details

Year Built:

1981

# of Stories:

Heating/Ventilation:

Central Electric

Air Conditioning:

Central Air

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Total:

$450,000

20% Down:

$90,000

Financing:

$360,000

30 Yr Fixed^*
6.68 %
(6.73% APR)
$2,318 / month

15 Yr Fixed^*
5.95 %
(6.03% APR)
$3,028 / month

5/1 ARM^*
6.03 %
(6.71% APR)
$2,165 / month

*Rates for March 2025. Information displayed is accurate as of the date of the latest update and is subject to change without notice. Loan pricing can only be locked through a home mortgage consultant. Other restrictions may apply. The Rate/APR and other terms may vary from those displayed based on the creditworthiness of the borrower, the type of dwelling, whether the borrower is self-employed, the location of the property and other factors. Please contact a lender in your area to determine what rates you qualify for.

**Rates calculated from national averages. To determine rates in your area please contact your local lender.

Local Schools

School Name	Type	Distance
Ranger Elementary School 59 Vanatters Creek Road, Ranger WV 25557 (304) 778-3454 Ratings Reviews	public	5.6 mi
West Hamlin Elementary School 114 Dairy Road, West Hamlin WV 25571 (304) 824-3630 Ratings Reviews	public	6.3 mi
Lincoln County High School 81 Lincoln Panther Way, Hamlin WV 25523 (304) 824-6000 Ratings Reviews	public	6.4 mi
Guyan Valley Middle School 5312 McClellan Highway, Branchland WV 25506 (304) 824-3235 Ratings Reviews	public	6.6 mi
Hamlin Pk-8 8130 Court Avenue, Hamlin WV 25523 (304) 824-3036 Ratings Reviews	public	7.1 mi
Lincoln Day Care & Enrich Center Straight Fork Road, West Hamlin WV 25571 (304) 824-5930 Ratings Reviews	private	8.2 mi
Salt Rock Pre-K Head Start 5570 Madison Creek Road, Salt Rock WV 25559 (304) 736-4537 Ratings Reviews	private	8.3 mi
Salt Rock Elementary School 5570 Madison Creek Road, Salt Rock WV 25559 (304) 733-3037 Ratings Reviews	public	8.3 mi
Data provided by GreatSchools.org ©2023. All rights reserved.

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For more information about 4484 McClellan Hwy, Branchland, WV, 25506 or additional property in Branchland, WV, please contact Brody Nash.

https://4484McClellanHwy.IsForSale.com

Real Estate Salesperson, KY License No. KY251719, Real Estate Salesperson, OH License No. SAL.2015003349, Real Estate Salesperson, WV License No. WV0029516 Patrick Lucas, Broker

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