413 Charlotte Ave N, Waynesboro, VA 22980

Property Description

Fully renovated 4-plex in Waynesboro! Monthly gross income of $5,250, annual gross income of $63,000. 3 of 4 units currently leased, with the 4th unit to be rented prior to closing. The investment case here is straightforward. Renovated top to bottom: NEW: LVP flooring, fresh paint, light fixtures, interior doors, kitchens with quartz countertops, shaker cabinets & stainless steel appliances throughout. All baths have been fully updated with new vanities, toilets, tub surrounds, & shower valves. NEW: hot water heaters & all new plumbing supply, drain lines & valves have been replaced throughout the building, including the sewer line to the street. The exterior has been equally well addressed. NEW: roof on both the main house & the detached two car garage, gutters & downspouts, deck & deck stairs, gravel parking lot, exterior lighting & updated landscaping. The detached two car garage generates an additional $400/mo in rental income. All tenants pay their own electric and are billed $70 per month for water, sewer, & trash, keeping owner expenses lean. This is a turnkey investment property with nothing deferred, nothing pending & income in place. For the investor who wants to own and not manage repairs, this is exactly that!