1215 Walnut St, Staunton, VA 24401

Property Description

Turnkey Triplex Investment Opportunity in Staunton’s West End with a gross annual income of $48,600. Fully renovated and fully leased. This circa 1900s city farmhouse has been thoughtfully converted into three modern apartments while retaining its historic charm. Each unit features a brand-new kitchen with stainless steel appliances, quartz countertops, updated lighting, in-unit washer/dryer, fresh paint, and dedicated outdoor living space for each unit (porches and decks). Located in the Kinzley Court neighborhood, this property offers easy access to downtown Staunton’s shops, restaurants, and amenities, with quick access to the bypass for commuters. All renovations were just completed, and a full inspection with repair list has been finalized for peace of mind. In addition to street parking, a brand-new gravel parking lot has been installed at the rear of the property, accessed via the alley—an attractive bonus for tenants. Each unit is leased on newly signed annual leases, providing immediate rental income with minimal maintenance. All utilities are tenant paid. A rare, turnkey multi-unit property in a prime city location, perfect for investors looking for stable cash flow and modern updates with character that tenants love!