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600 EAST MAIN ST Waynesboro, VA 22980
5,618 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 5,618 sqft
Price per Sqft $148
MLS Listing ID 669348
HOA Y/N No
Year Built 1911
Annual Tax Amount $2,735
Tax Year 2023
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Detached
Property Description
Exceptional investment opportunity—this 8-unit multifamily property delivers strong income performance with a 10% cap rate. Recent appraisal of $910,000 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.
Location
State VA
County Waynesboro
Zoning LB Local Business
Direction Right on Main Street, Parking in back.
Interior
Heating Natural Gas
Cooling Central Air
Fireplace No
Exterior
Utilities Available Cable Available
Water Access Desc Public
Road Frontage Public Road
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Wenonah
Middle Schools Kate Collins
High Schools Waynesboro
Others
Tax ID 46/165/1/
Security Features Surveillance System
Listed by Kline May Realty