PROPERTY SEARCH
600 East Main St, Waynesboro VA 22980
- $889,000
- MLS #:669348
- 0beds
- 0baths
- 0half-baths
- 5,618sq ft
- 0.24acres
Square Ft Finished: 5,618
Square Ft Unfinished: 0
Neighborhood: None
Elementary School: Wenonah
Middle School: Kate Collins
High School: Waynesboro
Property Type: residential
Subcategory: Detached
HOA: No
Area: Waynesboro
Year Built: 1911
Price per Sq. Ft: $158.24
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 asset attracts tenants seeking convenience and walkability. Quick access to Interstate 64 further enhances renter appeal, making this an ideal choice for commuters. A rare chance to acquire a turnkey, income-producing multifamily property with proven performance and strong future potential.
HOA fee: $0
Security: SurveillanceSystem
Garage Num Cars: 0.0
Cooling: CentralAir
Air Conditioning: CentralAir
Heating: NaturalGas
Water: Public
Sewer: PublicSewer
Kickout: No
Annual Taxes: $2,735
Tax Year: 2023
Legal: Block 65 Lots 1,2,3 253 Sq Feet BC & MM
Directions: Right on Main Street, Parking in back.