434 E Beverley St #1, Staunton, VA 24401

TIME IS OF THE ESSENCE FOR AUGUST 1 OCCUPANCY RENT this NON-SMOKING 2,308 sq. ft. apartment, one of three apartments in this property for $1,750/month, or BUY the 3-unit property for $375,000 (appraised for $380,000 February '20, assessed for $382,000 January '19) with $1,350/month in rental income to offset the anticipated cost of $1,850/month. The apartment will be rented if the house is not under contract by July 1 for occupancy August 1. See additional information about the other two apartments at the end of this initial narrative. History: The original portion of this home was constructed circa 1884, and retains much of the architectural details and styling that makes living in a historic home a unique and popular experience. The over 9 feet tall ceilings are found on both the main and upstairs levels. The wide wood moldings for the doors, windows, and baseboards show the kind of custom carpentry details that no one takes the time to build anymore. After being hidden for the last 40+ years, the original longleaf heart pine tongue and groove plank flooring in the upstairs level was uncovered and refinished in 2019, and is ready to serve for another 100+ years. Although the original home needed the multiple fireplaces in the living rooms and bedrooms to stay warm, the remaining hearths are just a reminder that splitting wood or taking coal deliveries is no longer required. Brand new Central AC cools the apartment, a baseboard radiant units heat it. Luxury Upgrades: While the home is a historic property, inside you will find some very modern and luxurious upgrades. The eat-in kitchen has been transformed into a proper space for the gourmet cook with all stainless appliances, granite counters, and custom cherry cabinets. The kitchen features a Bosch gas cooktop with motorized retracting venting system that can disappear into the center island and a double set of built-in Bosch convection ovens. The full bath on the main floor has also been upgraded to include a custom glass and tile walk-in shower with sitting bench and both top rain shower and forward-facing jets. The main level features Brazilian Cherry hardwood floors and custom ceramic and stone tile for the kitchen and bath. Apartment 1 also includes immediate, on-street parking on a street which is frequently plowed during snow storms, a 8'*14' front porch, a 9'*15' back deck off the kitchen, a 12'*4' deck off the master bedroom, a detached "carriage house" with approximately 200 sq. ft. of easy access street level storage space. Middle Apartment 2 , 1,043 sq. ft., one level below street level, $750/month rental income, currently leased through October 2020 to a long term tenant, features 1 large bedroom, a 2nd bedroom/spacious living room, kitchen/dining area, dishwasher, refrigerator, stove, microwave, 1 bath room with walk-in closet, beautiful oak hardwood floors throughout, washer/dryer, central HVAC, and a very private and quiet, shaded side porch. Ground Floor Apartment 3, 753 sq. ft., $600/month rental income, currently leased through May 2021 to a long term tenant, includes a large living room with 8 windows looking out to the back yard, 1 bedroom with 2 windows, 2nd bedroom/office, 1 bathroom, kitchen with 1 window and dishwasher, refrigerator, stove, and microwave, and stack washer/dryer, window AC units in 3 rooms, electric baseboard heat throughout, and an outdoor patio to enjoy. The property is also for sale, with the potential buyer probably choosing to live in this apartment. If you chose to buy the property, instead of renting apartment 1, you would receive $1,350/month rental income to offset the anticipated $1,850/month payment for principal, interest, taxes, and insurance, reducing your monthly cost to $500 instead of $1,750/month rent.. As a rental, owner pays for grounds maintenance at the back of the property, snow removal, trash and water. Renter pays for gas and electricity. Small dogs and cats are ok with owner's approval, with monthly pet fee of $25/month.