Property Listing No Longer Available for Sale

215 S Commerce Street, Woodstock, VA

Multi-family for Sale - $219,000 - 4,020 Sq. Ft. on 12196 acres


Property Info

CIMLS#708345
Location
  215 S Commerce Street
  Woodstock VA 22664
UpdatedJuly 30th, 2014
TypeMulti-family
Price$219,000
Building4,020 Sq. Ft.
Land12196 acres

Property Description

BRING ALL OFFERS! Multi-family investment opportunity! 4 Unit Apartment Building (all units are extra large 2 bedroom units) offered at 13% CAP Rate FULLY LEASED! All units separately metered electric, with off-street parking, on .28 Acres. The property is located 2 blocks off Main Street in the heart of the Woodstock business District, with easy access to Rt. 11 and I-81. Bank approval required. Owner is a licensed VA Realtor. 24 hour notice required (Tenant occupied). Variable Rate Commission.

Location Description:

Formed in 1772, Shenandoah County is strategically located in the northwestern portion of Virginia, between the Allegheny and Massanutten Mountains, in the heart of the picturesque Shenandoah Valley. The Town of Woodstock has been the county seat for Shenandoah since the county's formation and only 90 miles via Interstate from Washington D.C. This close proximity, yet reasonable distance from urban development, offers a balance of lifestyle. With Interstate 81 as the primary travel source, scenic state route 11 parallels for tourist and local travel. Within the center of Woodstock is Massanutten Military Academy, which draws students and parents as an additional economic source.

Highlights:

>> 1. 4 Unit Income-Producing Property at 13% CAP

>> 2. Building is 4020 Sq ft with an additional 2010 Sq ft unfinished basement

>> 3. Electric separately metered

>> 4. Off-street parking

>> 5. Fenced backyard for the tenants

>> 6. Easy access to I-81 and Rt. 11

* Email for additional photos


Financials

Sales Info:

>> Commision split: 3.0%