$889,000

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 asset attracts tenants seeking convenience and walkability. Quick access to Interstate 64 further enhances renter appeal, making this an ideal choice for commuters. A rare chance to acquire a turnkey, income-producing multifamily property with proven performance and strong future potential.

Amenities

• Bedrooms: 5
• Full Bathrooms: 4
• Partial Bathrooms: 0
• Property Type: Residential Multi Family
• Architectural Style: Other
• Year Built: 1911
• Built in 1911
• Home size: 5,618 ft² / 521.92 m²
• MLS: 669348
• Status: Active

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