c.1928 Virginia Fixer Upper $30K
OHU50K Notes $30,000
c.1928 Virginia fixer upper for sale. Conveniently located close to everything; grocery store, natural history museum, Community Park and more.
Realtor Comments
INVESTMENT OPPORTUNITY Unlock the potential of this unique investment property. This offering includes a primary house and a charming carriage house in the back, both awaiting a full transformation. For the savvy investor, this property presents a rare chance to breathe new life into two residences, amplifying their value in a sought-after location.The primary house and carriage house require complete overhauls but offer immense possibilities for customization and modernization. Imagine the potential for dual-income streams or a dream renovation project that stands as a testament to your vision and creativity.Situated in a vibrant and growing area, this property is perfect for those looking to make a significant return on investment. ”Bank Approved Price” Current Price is The Bank Approved Price.
- 2 bed
- 1 bath
- Build date 1928
804 Carter St, Martinsville, VA 24112 $30,000
- Contact Realtor: Robert Kern
- Google Map
- Niche
Pros of Living in Martinsville, VA
1. Affordable Cost of Living
Martinsville boasts a cost of living approximately 32% below the national average. Housing is notably affordable, with median home prices around $106,800 and two-bedroom rentals averaging $770 per month. Utilities and groceries are also below national averages, making it a budget-friendly option for residents.
2. Rich Cultural and Outdoor Activities
The city offers a variety of cultural and recreational activities. Residents can enjoy the Virginia Museum of Natural History, Piedmont Arts Association, BlackBox Theatre, and local events like the Rooster Walk Music Festival. Outdoor enthusiasts can explore the Dick & Willie Passage Trail, Fairy Stone State Park, and Smith River for hiking, fishing, and boating.
3. Strong Sense of Community
Martinsville is known for its friendly and tight-knit community. Local coffee shops, farmers markets, and seasonal festivals foster a welcoming atmosphere. Residents often describe the area as peaceful and supportive, making it appealing for families and retirees.
4. Mild Climate
The region enjoys a moderate climate with an average of 100 clear days annually, 45 inches of rain, and only 10 inches of snowfall per year. This makes it suitable for year-round outdoor activities and a comfortable living environment.
Cons of Living in Martinsville, VA
1. Limited Job Opportunities
Martinsville’s economy has shifted away from its historical reliance on textiles and furniture manufacturing. While some new industries are emerging, job opportunities remain limited, particularly for young professionals and those seeking specialized careers.
2. Higher Crime Rates
The city experiences a higher-than-average crime rate, with a violent crime rate of 4 per 1,000 residents and a property crime rate of 15 per 1,000 residents. This makes Martinsville’s crime rate higher than 75% of U.S. cities, which may be a concern for potential residents.
3. Limited Healthcare Services
While basic healthcare facilities are available, specialized medical services often require travel to nearby cities like Roanoke or Greensboro. This can be inconvenient for residents needing specialized care.
4. Declining Population
Martinsville has experienced a steady population decline over the past five years, which may impact the local economy and availability of services. A decreasing population can lead to reduced demand for businesses and amenities.
Conclusion
Martinsville, VA, offers an affordable and community-oriented lifestyle with access to cultural and outdoor activities. However, potential residents should consider the limited job opportunities, higher crime rates, and healthcare accessibility when evaluating if it aligns with their personal and professional needs.
