Chester Multi-Family Investment Opportunity
$650,000
12020 Winfree St, Chester, VA 23831
5.52
Cap Rate
35,885
NOI
Details:
Highlights:
- Income-Producing, Occupied Quad
- SUBDIVIDABLE LOT for SF residential by-right
- Conveniently located across from Chester Village, Schools, Library and Shopping
- Close to I-64, I-95 and Rt 288
Description:
4-Unit Renovated Multi-Family Property with SUBDIVIDABLE lot to build a single family home by-right, or another multi-family property (with approvals). This location is convenient to Rt 10 W. Hundred Rd, at Thomas Dale High School, across from Chester Village, YMCA, national retail stores and apr 2.5mi to I-95, I-64 and Rt 288 access. The roof is 3 was replaced 3 years ago and windows were replaced 1 year ago. All kitchens and bathrooms are modern. Apartments are open, with natural light, hardwood floors and tall ceilings. There is (1) 2-bedroom unit and (3) 1-bedroom units with separate electric meters and furnaces. Landlord pays utilities, except internet. $35,885 NOI
Chester, Va. is located about 20 miles south of Richmond, Virginia., just off I-95, I-64 and Rt 288. The population currently consists of apr, 23,000 and is in a fast-growth mode. With Amazon fulfillment center nearby, the Chester Village and surrounding arae is growing fast.
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Location
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