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Listed by MCLAREN GARTH WESTLAND MAC WESTLAND REAL ESTATE GROUP
$ 1,275,000
Est. payment /mo
New
625 Alleghany AVE Staunton, VA 24401
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 931228
HOA Y/N No
Year Built 1947
Annual Tax Amount $8,101
Acres 0.28
Property Sub-Type MultiFamily
Source Roanoke Valley Association of REALTORS®
Property Description
Fully leased, 7-unit apartment building offered for the serious multifamily investor. All units were renovated in 2018/2019, including upgraded electrical, plumbing, and HVAC systems, and a new roof was installed in March 2023. The building is 100% occupied, electric is individually metered and tenants pay all utilities.
Located in the heart of Staunton's historic Lakeview area, the property offers a rare combination of stabilized in-place income and a location that drives durable long-term rental demand. The building is close to Gypsy Hill Park and its public golf course, picnic pavilions, and beloved duck pond, as well as Mary Baldwin University, downtown restaurants and retail, the Amtrak station, and Augusta Health's Staunton outpatient center, with the main Augusta Health hospital campus a short drive away and Western State Hospital approximately 3.5 miles out. Easy access to I-81 and I-64 connects the property to Harrisonburg, Charlottesville, Richmond, and Washington, D.C.
This is a turnkey opportunity for an investor seeking in-place cash flow and in a location with genuine, multi-driver rental demand. Serious inquiries only.
To learn more about Staunton, visit visitstaunton.com.
Located in the heart of Staunton's historic Lakeview area, the property offers a rare combination of stabilized in-place income and a location that drives durable long-term rental demand. The building is close to Gypsy Hill Park and its public golf course, picnic pavilions, and beloved duck pond, as well as Mary Baldwin University, downtown restaurants and retail, the Amtrak station, and Augusta Health's Staunton outpatient center, with the main Augusta Health hospital campus a short drive away and Western State Hospital approximately 3.5 miles out. Easy access to I-81 and I-64 connects the property to Harrisonburg, Charlottesville, Richmond, and Washington, D.C.
This is a turnkey opportunity for an investor seeking in-place cash flow and in a location with genuine, multi-driver rental demand. Serious inquiries only.
To learn more about Staunton, visit visitstaunton.com.
Location
State VA
County Other - See Remarks
Area 0.28
Zoning R3
Direction West Fredrick ST, Left on Alleghany Ave, property on right
Interior
Heating Electric Heat Pump
Cooling Heat Pump Electric
Fireplace No
Exterior
Garage No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Other - See Remarks
Middle Schools Other - See Remarks
High Schools Other - See Remarks
Others
Tax ID 6468
Miscellaneous Public Transport
