21057 Alvarado Rd , Abingdon, VA 24211(Washington County)

A separate residence currently serves as a studio apartment and brings in a monthly rental income of $800 per month. RV hookups are another income producing possibility! Included with this property is a large barn providing desirable storage and the potential to be used as an event venue. The gross income between the two homes is $2,100 per month.

The 10.80 +/- acres provide excellent, luscious fields and spectacular views of the surrounding countryside. Rarely does a property enter the market that offers such an incredible location and so many possibilities! Enjoy the income of both dwellings or live in one and rent the other!

This property is within walking distance of the Alvarado Station which provides access to hiking and biking on the famous Virginia Creeper Trail and is also approximately mile from the amazing Abingdon Vineyards where you can enjoy local events and taste the world class wines that are produced in the Virginia Highlands! Located minutes from I-81 access, historic downtown Abingdon, VA, and Damascus, VA. Additional recreation abounds in other nearby attractions including South Holston Lake, the Holston Rivers, Backbone Rock Recreation Area, Grayson Highlands State Park, Hungry Mother Park, The Channels State Forest, Mount Rogers National Recreation Area, NASCARs Bristol Motor Speedway, and more!

The antique fireplace in the living room of the farmhouse and the food storage shed beside the barn do not convey with purchase.

Online Auction Ends Friday, September 8th at 3 PM

21057 Alvarado Rd., Abingdon, VA 24211

PREVIEW DATE - Saturday, September 2nd at 10 AM

ONLINE BIDDING Online bidding is now active and runs through 3 PM on September 8th, 2023. SOFT CLOSE.

BIDDER PACK: Download Bidder Pack for complete information on each offering. The Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.

SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates snipers and encourages fair and impartial bidding from all participants.

BUYERS PREMIUM TEN PERCENT (10%): Buyers Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyers Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyers premium = total purchase price of $110,000). Buyers Premium is not due until closing.

PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that an offer has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for sellers acceptance. A Broker Fee of (2%) is offered to a cooperating VA State Licensed Real Estate Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.