tomo logo

$800,000

Beds
6
Baths
5.0
sq ft
3,227

605 S Wayne Ave, Waynesboro, VA 22980

605 S Wayne Ave

WAYNESBORO, VA 22980

  • 346 days on market
Excellent investment opportunity in this large, well kept home with an existing business. The dwelling is split into 3 separate apartments (1BR/1BA, 1BR/2BA, 1BR/1BA) which are all rented and four separate rooms that rent individually on a short and long term basis. Beautiful Waynesboro location and excellent rental history. Property has had many updates within the last 5 years, including dual zone HVAC, remodeled bathrooms and replacement windows and vinyl siding. A new roof was done in 2016. Excellent cash flow with approximately $90,000/yr. in gross rent. Don't miss this income producing opportunity.

Details

Property type

Single Family Residence

Est. home value

$704,501

Lot size

0.30 acres

Price per sq ft

$248

Year built

1900

Annual property taxes

$3,075.38

Price History

06/06/2024
CharlottesvilleVA

CharlottesvilleVA #646478

Price change
$800,000
-15.7%
05/16/2024
CharlottesvilleVA

CharlottesvilleVA #646478

Price change
$949,000
-5.01%
10/10/2023
CharlottesvilleVA

CharlottesvilleVA #646478

Listed
$999,000
+299.6%

Schools & Community

Elementary school: 

Berkeley Glenn

Middle school: 

Kate Collins

High school: 

Waynesboro

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pugh Properties Llc

Loan start date

August 2019

Original loan amount

$225,000

Est. remaining balance

Not provided

Interest rate

3.73%

Loan type

Seller take-back

Seller

Stanimals 328 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/20/2024 at 2:20 AM

Listing updated: 08/07/2024 at 9:38 AM

Listed by: JASON P HARRIS, KELLER WILLIAMS COMMONWEALTH Phone #: (540) 221-6740

MLS: CharlottesvilleVA #646478

CharlottesvilleVA logo

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