Great building in downtown setting across from the Veterans Memorial in Mt Jackson, VA. Little to no deferred maintenance. Property is made up of a retail space setup for small restaurant, one large two bedroom apartment and another one bedroom apartment freshly renovated. Two floor covered rear deck with Trex decking and plenty of off street parking. As if an 7.7% cap rate was not good enough, seller will offer owner financing at 6% for 5 year balloon term with 20 year amortization with 20% down to a qualified purchaser. Place this on your must see list! Variable Rate Commission.

Location Description:

Mt. Jackson is located in Shenandoah County and is rich in natural beauty and cultural heritage. Traditionally, a county with strong commercial ties to agriculture, Shenandoah is also one of the most historic and beautiful counties in the state. Shenandoah County is proudly home to six incorporated towns: Edinburg, Mount Jackson, Toms Brook, New Market, Strasburg and Woodstock. Known as The String of Pearls, each town has unique shops, restaurants and businesses. Shenandoah County continues to be a place where commerce and the power of human ingenuity work not only alongside but in the context of great national heritage. They continue to promote the general welfare of citizens and the prosperity of County by developing a mutually beneficial network of local businesses, stimulating public support for our business community, and taking advantage of our beautiful location.

Highlights:

>> Fully leased Investment property at closing

>> Retail space plus two apartments, one is freshly renovated

>> Retail space is built out for Ice Cream, Coffee shop or Deli

>> Abundance of Trex decking on rear covered porch

>> Cap rate is 7.7% at asking price

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Sales Info:

>> Commision split: 3.0%