1120 River Oak Drive

Forest, VA 24551

$2,000,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Do you want to own rental property in Forest in nice condition that is easy to maintain and rent, then Willow Oak Village is for YOU! A unique property consisting of 17 two bedroom, one bath units. It made up of 5 single family homes, a 3 plex, a 9 plex on 7 acres and views of the Peaks of Otter. Several units have been recently renovated with new granite, cabinets and LVP flooring. Other major work completed including metal roofs on all buildings and new asphalt parking lot and driveway. Owner pays...Do you want to own rental property in Forest in nice condition that is easy to maintain and rent, then Willow Oak Village is for YOU! A unique property consisting of 17 two bedroom, one bath units. It made up of 5 single family homes, a 3 plex, a 9 plex on 7 acres and views of the Peaks of Otter. Several units have been recently renovated with new granite, cabinets and LVP flooring. Other major work completed including metal roofs on all buildings and new asphalt parking lot and driveway. Owner pays for lawn maintenance, county water and trash pickup. Tenants pay their own electric and each has a heat pump. Each unit has washer/dryer hookups. Forest Schools. Includes a 48 X 24 Garage under the 9 plex used as a shop or storage. All units are on one Deed and can not be separated. All units occupied under annual leases. Could possibly build additional units on the existing property.
  1. Listed by Travis Hundt • Cornerstone Realty Group Inc

Property Details for 1120 River Oak Drive

Parking
Off Street Parking, Parking Lot, Paved Drive
Directions
Bellevue then right on Great Oak Dr the left on Willow Oak Dr and left on River Oak Dr.
LISTING UPDATED: 02/18/2025 10:17 AM

Property Details for 1120 River Oak Drive

StatusPending
MLS #355711
Days on Market49
Taxes$5,544 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1984
Lot Size7.23 AC / 314,939 SF
CountyBedford County

Building Information for 1120 River Oak Drive

Stories-Residences17Year Built1984Building Size-Lot Size7.23 AC / 314,939 SF

Property Information for 1120 River Oak Drive

Summary
Location and General Information
  • County/City: Bedford
  • State: VA
  • ZIP: 24551
  • Area: Bedford
  • Longitude: .00
  • Latitude: .00
  • City/Town: Forest
Taxes and HOA
  • Tax Map/Parcel ID: 135-38-28
  • Estimated Taxes: $5,544.00
  • Tax Exp Frequency: Yearly
  • Taxes Expense: $5,544.00
  • Association: Lynchburg Board of Realtors
  • Association Fee: 0.00
School Information
  • School District: Bedford
Property
Lot Information
  • Acres: 7.23
  • Lot Measurement: Acres
  • Lot Size Source: (Public Records)
  • Lot Square Footage: 314939.0
  • Square Footage: 0.0
  • Est Foundation Sqft: 0.0
  • Est Other Sqft: 0.0
Property and Assessments
  • Property Type: Multi-Family
  • Property Subtype 1: Multi-Family
  • Year Built: 1984
  • Age: 0
  • FIPS Code: 19
  • Legal Description: GREAT OAKS SEC 2 LT 28 PB 50/300
  • Property Disclaimer: All information herein has not been verified and is not guaranteed
  • Allow Auto Estimate: No
  • Allow Reviews: No
  • Validated: Yes
Utilities
  • Sewer: Septic Tank
  • Water Exp Frequency: Yearly
  • Water Expense: $4,050
  • Water Heater: Individual
  • Water: County
  • # of Water Meters: 0
  • Utility - Electric: Southside Elec CoOp
  • Electric Expense: $0
  • Shared Utilities: Indiv Meter/Electric
  • # of Electric Meters: 0
  • # of Gas Meters: 0
Interior and Exterior Features
Exterior Features
  • Exterior Finish (AG): Board and Batten
Interior Features
  • Flooring: Carpet, Other
  • Heating System: Heat Pump
  • Limited Services: No
  • Cooling: Heat Pump
  • Walls: Drywall, Paneling
  • Three Quarter Bathrooms: 0
Multi Family
Multi-Family Information
  • Total Number of Units: 17
  • Number of Unfurnished Units: 0
  • Number of Furnished Units: 0
Unit 1
  • Unit 1 Full Baths: 0
  • Unit 1 Half Baths: 0
  • Unit 1 Rent Amount: $.00
  • Unit 1 Square Feet: 0.0
Unit 2
  • Unit 2 Full Baths: 0
  • Unit 2 Half Baths: 0
  • Unit 2 Rent Amount: $.00
  • Unit 2 Square Feet: 0.0
Unit 3
  • Unit 3 Full Baths: 0
  • Unit 3 Half Baths: 0
  • Unit 3 Rent Amount: $.00
  • Unit 3 Square Feet: 0.0
Unit 4
  • Unit 4 Full Baths: 0
  • Unit 4 Half Baths: 0
  • Unit 4 Rent Amount: $.00
  • Unit 4 Square Feet: 0.0
Unit 5
  • Unit 5 Full Baths: 0
  • Unit 5 Half Baths: 0
  • Unit 5 Rent Amount: $.00
  • Unit 5 Square Feet: 0.0
Unit 6
  • Unit 6 Full Baths: 0
  • Unit 6 Half Baths: 0
  • Unit 6 Rent Amount: $.00
  • Unit 6 Square Feet: 0.0
  • Unit 6 Amenities: Balcony/Patio, Cable TV, Carpet, Refrigerator, Washer Hookup
Income and Expenses
  • Gas Expense: $0
  • Heat Expense: $0
  • Insurance Frequency: Yearly
  • Insurance Expenses: $5,487
  • Maintenance Expense: $0
  • Miscellaneous: Individual Laundry
  • Net Oper Income: $0
  • Annual Gross Income: $193,680

Property History for 1120 River Oak Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1120 River Oak Drive

This home is within Bedford County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
New London Academy Elementary
PublicPK to 5

Forest Middle School
Public6 to 8

Jefferson Forest High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cornerstone Realty Group Inc, Travis Hundt

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.