60 Deer Crossing Lexington ( Virginia, US - 24450) Built

$240,000
Great Investment Property

Sterling Properties & Management, LLC

David Stull Broker/Owner David Stull Broker/Owner (540) 462-3770 (Office) Request More Info

  • Diamond in the rough
  • Type: Multifamily
  • Style: 2 Storey
  • Bedrooms: 2
  • Bathrooms: 1
  • Development Level: Built

Description

This four unit apartment building is coming on the market and has a great potential for the savy investor. All units are two bedrooms, kitchen with stove and refrigerator. Living room and one full bath. Located just five miles from downtown Lexington, the units are on a private road with country setting. Separate laundry room with washer and dryer with additional income possibly available. Parking location. One unit has been remodeled with others needing some work. Once completed, rent rolls would support a cap rate of 8-9%. Return on investment showing 20%. Long rental history

Attachments

P2#289503101
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Information is deemed to be correct but not guaranteed.