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Steve Stephenson, Certified Land Sales Specialist
Invest in Your Future - Buy Land - It's On Sale Today

Lexington (Virginia, US - 24450)
$240,000 USD Great Investment Property

"Diamond in the rough" 
Stephenson Land Brokerage
Steve Stephenson, Certified Land Sales Specialist

Boyd Stephenson


Address: 60 Deer Crossing
Type: Multifamily
Style:  2 Storey
Development Level: Built
Bedrooms: 2
Bathrooms: 1

This four unit apartment building is coming on the market and has a great potential for the savy investor. All units are two bedrooms, kitchen with stove and refrigerator. Living room and one full bath. Located just five miles from downtown Lexington, the units are on a private road with country setting. Separate laundry room with washer and dryer with additional income possibly available. Parking location. One unit has been remodeled with others needing some work. Once completed, rent rolls would support a cap rate of 8-9%. Return on investment showing 20%. Long rental history
Brokered and Advertised by:
   Sterling Properties & Management, LLC
Listing Agent:
  David Stull Broker/Owner 

Information is deemed to be correct but not guaranteed.