Average square foot calculated using Size range provided by listing agent.
Description
Turnkey 5-Unit Multifamily Investment – Strong Cash Flow & 100% Occupied! This fully occupied 5-unit multifamily property is a high-performing asset with a strong rental history and low vacancy rate—a true cash-flowing investment! The building consists of four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, generating a solid $4, 045/month in rental income. Recent upgrades include a new drilled well (April 2024), ensuring long-term reliability. Each unit is equipped with central heat and AC (mini-split system in the 1-bedroom unit), separate electric meters, and covered rear porches. The property offers privacy and a serene setting while maintaining convenient access between Farmville and Keysville, making it an attractive option for renters. Investors will appreciate the tenant-paid utilities (electric, internet, trash, etc.), minimizing owner expenses. The owner only covers lawn care and common area electric, maximizing net operating income. This property is being sold as-is, current owner is looking to do a 1031 exchange into another property. All units are occupied-please do not disturb tenants. Current management can continue if needed. Owner/AgentShow Description
MLS® Number57020
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageNo
Approx. Age1973
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatUnit 1(Heat Pump), Unit 2(Heat Pump), Unit 3(Heat Pump), Unit 4(Heat Pump), Unit 5(Heat Pump)
A/CCentral Air
Heating Fuel
Extras
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