Exceptional investment opportunity—this 8-unit multifamily property delivers strong income performance with a 10% cap rate. Positioned on a high-visibility corner, the building features a well-balanced unit mix of 2 studios, 3 one-bedroom units, and 3 two-bedroom units, appealing to a wide range of tenants. The property offers updated interiors, a large paved parking area, and separately metered utilities for streamlined management and reduced owner expenses. Its prominent location ensures excellent traffic exposure, contributing to consistent demand and stable occupancy. Located just minutes from Downtown Waynesboro, the 250 Greenway, Basic City Brewery, Happ Coffee Roasters, and popular local amenities, this property attracts tenants seeking convenience and walkability. Quick access to Interstate 64 further enhances renter appeal. A rare chance to acquire a turnkey, income-producing multifamily property with proven performance and strong future potential.
Active
Price cut: $21K (10/20)
$889,000
600 E Main St, Waynesboro, VA 22980
5beds
4baths
5,618sqft
Est.:
Multi Family, Single Family Residence
Built in 1911
-- sqft lot
$861,400 Zestimate®
$158/sqft
$-- HOA
What's special
High-visibility cornerProminent locationLarge paved parking areaUpdated interiors
- 72 days |
- 275 |
- 5 |
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