Description
15 Unit Apartment Building with parking lot. ALL units have been updated within the last year with new LVP flooring, paint, and windows. Some units have been gutted entirely. Many have new kitchen cabinets, bathrooms, tpac / mini split hvac. Current rent roll has scheduled monthly income of $17,100 or 205,200/year.This property is a steal as a 6.5 cap in a prime Williamsburg location, less than 2 miles from William and Mary. Property exists as combined 7137 & 7141 Merrimac Trail, it is 1.54 acres with 380 ft of road frontage, possible further development (storage units) may be possible as it is zoned business.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Information
Description
15 Unit Apartment Building with parking lot. ALL units have been updated within the last year with new LVP flooring, paint, and windows. Some units have been gutted entirely. Many have new kitchen cabinets, bathrooms, tpac / mini split hvac. Current rent roll has scheduled monthly income of $17,100 or 205,200/year.This property is a steal as a 6.5 cap in a prime Williamsburg location, less than 2 miles from William and Mary. Property exists as combined 7137 & 7141 Merrimac Trail, it is 1.54 acres with 380 ft of road frontage, possible further development (storage units) may be possible as it is zoned business.
