TRIPLEX! Excellent opportunity to buy a great investment property in the VCU/Fan District. This historic gem offers Three fully rented units. Property features hardwood floors, mouldings, and many other historic details which give this property such charm. The property currently generates over $28,000 in annual income and have an NOI of $20,000, which represents a 6.7% Cap Rate. Owner currently pays all utilities on the property. Total annual expenses are $8000 which includes taxes, insurance and all utilities. The units are under rented considering everything is included. Seller has owned the property since the mid 70's and is ready to sell! All leases are month to month.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
