9351 East St

Description:

This 6 unit multifamily building presents a rare opportunity to acquire a stabilized residential asset in the heart of Old Town Manassas. The property is fully leased, featuring five 1 BD/1 BA units and one 2 BD/1 BA unit, each all-electric and separately metered. The asset generates an NOI of $95,612.96 and offers a strong income foundation with the added potential for future development, supported by a concept plan for two additional duplex buildings. Located in the heart of Old Town Manassas, the property offers walkable access to shops, restaurants, and community amenities, along with proximity to the Prince William County Courthouse and the VRE commuter station. Its central location provides excellent connectivity via Rt. 28 and Rt. 234, with quick access to I-66 and surrounding employment centers. Ongoing revitalization, strong tenant demand, and convenient transportation make this an ideal setting for long-term residential investment and future infill development. The property is located within a Qualified Opportunity Zone, offering potential tax advantages for investors.

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Listing ID: 804232622350