501 4th St, Waynesboro, VA 22980
- $250,000
- 2,700
- SqFt
- List Price
- $250,000
- Status
- ACTIVE
- MLS#
- 683766
- Living Area
- 2,700
- Lot Size
- 12,196
- Year Built
- 1920
- Subdivision
- Bcmm & Lc
- Region
- Waynesboro
Property Description
Four-unit investment opportunity in Waynesboro, priced below tax assessment with plenty of room to add value. The adjacent buildable lot is included in the sale (see MLS #683765). This two-story building on a corner lot offers two 2-bedroom and two 1-bedroom units, each with separate electric and gas meters. The property backs up to an alley. It needs renovation and is being sold as-is, making it a good fit for an investor or anyone ready to take on a project. Current rental income is $20,700 a year, well below what renovated units in the area bring in, so there’s real upside with updates. All tenants are month-to-month, giving a new owner flexibility to renovate and reposition. Close to downtown Waynesboro with easy access to I-64.
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Additional Information
- Heating
- Forced Air, Natural Gas
- Roof
- Metal, Other
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Wenonah
- Middle School
- Kate Collins
- High School
- Waynesboro
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Listing courtesy of REAL BROKER LLC.