Listing Courtesy of: Anne Corbin - Long & Foster Real Estate, Inc.
540-371-5220
$625,000
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20738 Monrovia Rd Orange, VA 22960
Single Family-Detached
Residence
5
Beds
4
Baths
...
Bed/Bath
2,600
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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This unique homestead is a perfect investment opportunity for an extended family or rental property investor. Two families can pool their funds and have two separate units for independent living. Owners have fully remodeled the multi-family home, which has a 2 bedroom unit on the main level plus a b...onus room and a 3 bedroom unit plus a bonus room on the upper level. Living space is approximately 1,400 sf on upper level and 1,200 sf on lower level. Everything is brand new including stainless steel kitchen appliances, bathrooms, bedroom carpeting, interior flooring, electrical system, plumbing, and 10 person septic. It has been freshly painted and is move in ready! With today's demand for rental properties, this building is a cash cow! Two rental units available and everything is brand new so there shouldn't be any immediate maintenance needs. Lower unit is currently rented for $1,600/month. Upper unit is currently rented for $1,900/month. $3,500 monthly income. This home is conveniently located near Lake Orange, Lake Anna and the Town of Orange. Seller has put a lot of sweat equity into the renovation and is ready to make a deal! Check this one out today.
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MLS#
VAOR2009522
Property Type
Single Family-Detached
Bedrooms
5
Bathrooms
4 Full
Year Built
1960
Square Feet
2,600
sq. ft
Lot Size
3.54
Sewer
Holding Tank
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