NICE MULTI-FAMILY PROPERTY WITH 7 UNITS RENOVATED BETWEEN 2018 AND 2019 IN GOOD CONDITION. LOCATED WITH-IN WALKING DISTANCE TO GYPSY HILL PARK. THIS PROPERTY IS CURRENTLY UNDER THE STAUNTON REHABILITATION TAX ABATEMENT PROGRAM THAT RUNS THROUGH 12/31/2026. A $1951 TAX SAVINGS PER YEAR. EACH UNIT HAS IT'S OWN ELECTRIC METER. OWNER PAYS FOR WATER,SEWER,TRASH REMOVAL. 100% OCCUPANCY. THE ELECTRIC, PLUMBING AND HVAC WERE UPGRADED BETEEN 2018 AND 2019.THE ROOF WAS REPLACED 3/15/2023 AND WARRANTY CONVEYS. SELLER IS A LICENSED REAL ESTATE AGENT IN VA.
|Price Reduced from $1,100,000 to $975,000|
Stable Population, Moderate Residential Turnover
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