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 bonus 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. 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.
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.
