17321 Virginia Avenue

Description

outstanding opportunity for owners and investors! This property is currently fully occupied, and tenants are responsible for paying their own utilities. It is located in the County, which means there are no city taxes, and it is nestled in a wooded area at the rear, on the southeast side of Virginia Ave. (Rt.11). The neighborhood is popular and boasts a prime location compared to any other comparable properties in the area. The subject property is made up of multiple structures, including three separate buildings, situated on 1.31 acres of land, zoned for commercial use and located just around the corner from Valley Mall. In total, there are five units, generating $7,377 in monthly rent, making this an excellent opportunity to invest in rental properties all in one location.Building #1 is the original structure, which is a converted single-family house consisting of three units. The first unit is a 3-bedroom, 1-bath 1/2 duplex, currently rented for $1,850 per month. The second unit is a 2-bedroom, 1-bath, located on the first floor, currently rented for $950 per month. The third unit is a 2-bedroom, 1-bath, located on the second floor, currently rented for $1,000 per month. Building #2 is a large, one-story ranch-style single-family home with a 20' utility room/storage area and electric baseboard heat, currently leased for $1,400 per month. Building #3 is a two-level A-frame design home located at the rear of the property, currently leased for $2,200 per month. Additionally, there is a cinder/block two-car garage that can be rented separately for additional income. All buildings are generally in good condition and functional, with a large parking area in the center of the property to accommodate tenants and visitors' vehicles. The property offers easy ingress/egress off Virginia Ave. The market area continues to grow, with no evidence of any pending changes, making this a lucrative investment opportunity.