This well-maintained three-unit apartment property is a fantastic income-producing investment with all units recently rented, providing immediate rental income. The property features two 2-bedroom apartments and one 3-bedroom apartment, offering desirable living spaces for a variety of tenants. Numerous updates have been completed to help minimize future maintenance, including new HVAC systems installed within the last three years, a new water heater, newer appliances in select units, and gutter guards installed approximately five years ago. Additional improvements include a wheelchair-accessible ramp to Apartment A, a new deck serving the main unit, and an ingress/egress window added to the basement Apartment B for enhanced safety and functionality. Situated in a great location, the property also offers a fenced backyard and a large driveway with ample off-street parking to comfortably accommodate tenants. Whether you're looking to expand your investment portfolio or purchase your first multi-family property, this turnkey opportunity is one you won't want to miss!
Orange is located in Virginia. Orange, Virginia has a population of 5,012. Orange is less family-centric than the surrounding county with 20% of the households containing married families with children. The county average for households married with children is 26.88%.
The median household income in Orange, Virginia is $58,908. The median household income for the surrounding county is $79,211 compared to the national median of $69,021. The median age of people living in Orange is 34 years.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 22.9 degrees. The average rainfall is approximately 44 inches per year, with 17.7 inches of snow per year.
