20738 MONROVIA ROAD, Orange, VA 22960

$625,000

Overview

Property ID: VAOR2009508

Duplex, Residential Income
Property Type

1960
Year Built

VAOR2009508
MLS#

Description

This unique homestead is a perfect investment opportunity for an extended family or rental property investor. Two families can pool their funds and have two separate units for independent living. Owners have fully remodeled the multi-family home, which has a 2 bedroom unit on the main level plus a bonus room and a 3 bedroom unit plus a bonus room on the upper level. Living space is approximately 1,400 sf on upper level and 1,200 sf on lower level. Everything is brand new including stainless steel kitchen appliances, bathrooms, bedroom carpeting, interior flooring, electrical system, plumbing, and 10 person septic. It has been freshly painted and is move in ready!

With today’s demand for rental properties, this building is a cash cow! Two rental units available and everything is brand new so there shouldn’t be any immediate maintenance needs. Lower unit is currently rented for $1,600/month.

This home is conveniently located near Lake Orange, Lake Anna and the Town of Orange. Seller has put a lot of sweat equity into the renovation and is ready to make a deal! Check this one out today.