318 Royal Avenue

    FRONT ROYAL, VA 22630
    • $599,999
    • STATUS: Active
    • ON SITE: 75 days
    • ID#: 1000075195
    UPDATED: 26 min ago
    $599,999
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:

    School Information

    High School:
    School District:

    Description

    Cash flowing property with value-add opportunity. Priced to sell at 8.5% CAP! Building is fully tenanted. Includes (2) Two-bedroom apartments, (2) One-bedroom apartments, (1) Efficiency apartment, and (1) Commercial Unit. Apartments and commercial space completely renovated (2016), new windows throughout for entire building, brand new rubber insulated roof, updated electric, updated baths.

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    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-12-13T09:54:51.973.
    www.hiban.com/homes/88055427

    318 Royal Avenue FRONT ROYAL, VA 22630

    • Price: $599,999
    • Status: Active
    • Updated: 26 min ago
    • ID#: 1000075195
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1950
    Built
    Neighborhood:
    Front Royal
    County:
    Warren
    High School:
    Skyline
    School District:
    Warren County Public Schools
    Property Description
    Cash flowing property with value-add opportunity. Priced to sell at 8.5% CAP! Building is fully tenanted. Includes (2) Two-bedroom apartments, (2) One-bedroom apartments, (1) Efficiency apartment, and (1) Commercial Unit. Apartments and commercial space completely renovated (2016), new windows throughout for entire building, brand new rubber insulated roof, updated electric, updated baths.
    Exterior Features

    Architectural Style Other Construction Materials Brick Garage YN No Parking Types None Property Condition As-Is ConditionRenov/Remod Riparian Rights YN No Roof Rubber Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Basement YN No Building Area Total 6000.00 Fireplace YN No Flooring WoodFully CarpetedVinylTile/Brick Heating Floor FurnaceCentral Heating YN Yes Inclusions Parking Included In ListpriceParking Included In Saleprice Net Square Feet 5500.00 Walls Ceilings Plaster WallsDry Wall

    Property Features

    Assessment Year 2015 Association YN No Business Type OtherInvestment Central Air YN No Condo YN No Gross Income 62400.00 Hot Water Electric Incorporated City Name Front Royal Navigable Water YN N Net Operating Income 52400.00 New Construction YN No Operating Expense 10000.00 Original MLSNumber 300159210740:MRIS Owner Pays Taxes - Real EstateAll UtilitiesOther Ownership Interest Fee Simple Possession Immediate Sale Type Standard Section 77 Sewer Public SepticPublic Sewer Tax Annual Amount 2294.25 Tax Assessment Amount 0.0 Tax Lot 9 Total Actual Rent 62400.00 Vacation Rental YN No Water Source Public Zoning C

    Listing courtesy of Vesta Realty Llc.
    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-12-13T09:54:51.973.
     
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