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$475,000
Est. payment /mo
4,680 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Contingent
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $101
MLS Listing ID 118235
Construction Status Frame
Year Built 1996
Lot Size 0.819 Acres
Acres 0.819
Property Sub-Type Multi-Family
Property Description
Prime Investment Opportunity in Callao, VA Located at 16043 Richmond Road, this fully leased, 5-unit apartment building offers an exceptional investment opportunity. With two 2-bedroom units and three 1-bedroom units, the property is well-maintained and generates strong cash flow from stable tenants. Built in 1996 and zoned A-1, the 4,680 SF building features solid structural integrity, minimal management requirements, and established property management options. Positioned in the Northern Neck's desirable rental market, this turnkey investment benefits from limited competition and high rental demand. It's ideal for a 1031 Exchange or investors seeking reliable income. Listed for $475,000, this property is a must-see.
Location
State VA
County Northumberland
Zoning A-1
Interior
Flooring Vinyl Tile
Exterior
Waterfront Description NONE
Building
Foundation Basement
Sewer Septic System
Water Artesian
Construction Status Frame
Others
Miscellaneous None
Virtual Tour https://tour.usamls.net/16043-Richmond-Road-Callao-VA-22435/unbranded
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Listed by Bay River Realty
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Raquel Ott
Associate Broker | License ID: 0225186406
Associate Broker License ID: 0225186406