Waynesboro, VA 22980,600 EAST MAIN ST
Waynesboro, VA 22980,600 EAST MAIN ST
Waynesboro, VA 22980,600 EAST MAIN ST
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Kayla Steimel

Kayla Steimel

+1(443) 866-0639
$869,000
Est. payment /mo
5,618 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 5,618 sqft

Price per Sqft $154

MLS Listing ID 669348

HOA Y/N No

Year Built 1911

Annual Tax Amount $2,735

Tax Year 2023

Lot Size 10,454 Sqft

Acres 0.24

Property Sub-Type Detached

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.

Location

State VA

County Waynesboro

Zoning LB Local Business

Direction Right on Main Street, Parking in back.

Interior

Heating Natural Gas

Cooling Central Air

Fireplace No

Exterior

Utilities Available Cable Available

Water Access Desc Public

Road Frontage Public Road

Building

Foundation Block

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools Wenonah

Middle Schools Kate Collins

High Schools Waynesboro

Others

Tax ID 46/165/1/

Security Features Surveillance System

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CAAR - GAAR - HRAR
Listed by Kline May Realty

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Kayla Steimel

Kayla Steimel

+1(443) 866-0639

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