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$889,000 - Br/0Ba - for Sale in None, Waynesboro
Price: $889,000
Baths: 0
Status: Active
Property Type: Detached
Lot Size Acres: 0.24
Lot Size SqFt: 10,454
Year Built: 1911
Neighborhood: None
Days on Website: 98

Courtesy of Kline May Realty

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Property Description

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.

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Property Details and Features

  • Property Access
  • Road frontage type: PublicRoad
  • Building
  • Living area: 5,618
  • Built in 1911
  • Cooling
  • CentralAir
  • Heating
  • NaturalGas
  • Listing
  • 71 days on market
  • Lease amount: $142,630
  • ListingID: 669348
  • Standard status: Active
  • Location
  • Subdivision name: NONE
  • Lot
  • 0.24 acres
  • Schools
  • Elementary school: Wenonah
  • High school: Waynesboro
  • Middle or junior school: Kate Collins
  • Security Features
  • SurveillanceSystem
  • Sewer
  • PublicSewer
  • Taxes
  • Tax annual amount: $2,735
  • Tax year: 2023
  • Utilities
  • CableAvailable

Property Map

$889,000 – 600 East Main St, Waynesboro, VA 22980

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