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1215 Walnut St, Staunton VA 24401
- $475,000
- MLS #:669847
- 0beds
- 0baths
- 0half-baths
- 2,302sq ft
- 0.18acres
Square Ft Finished: 2,302
Square Ft Unfinished: 0
Neighborhood: Walnut St
Elementary School: Bessie Weller
Middle School: Shelburne
High School: Staunton
Property Type: residential
Subcategory: Triplex
HOA: No
Area: Staunton
Year Built: 1900
Price per Sq. Ft: $206.34
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!
HOA fee: $0
Roof: Composition,Metal,Other,Shingle
Driveway: RearPorch, Deck, FrontPorch, Porch, Screened
Garage Num Cars: 0.0
Cooling: None
Air Conditioning: None
Heating: Baseboard, Electric
Water: Public
Sewer: PublicSewer
Features: Laminate, Wood
Appliances: Dryer, Washer
Kickout: No
Annual Taxes: $2,092
Tax Year: 2025
Legal: LOT A (REV 31-32)
Directions: From W Beverley, turn on Thompson, Left on Walnut, house will be on left. Additional parking is located behind the house (gravel lot at rear of property)