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625 Alleghany Ave, Staunton, VA 24401

$1,275,000

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List Price: $1,275,000
Days on Market: 52
Status: ACTIVE
MLS#: 931228
Lot Size (Acres): 0.28
Year Built: 1947

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Property Description

Fully leased, 7-unit apartment building offered for the serious multifamily investor. All units were renovated in 2018/2019, including upgraded electrical, plumbing, and HVAC systems, and a new roof was installed in March 2023. The building is 100% occupied, electric is individually metered and tenants pay all utilities. Located in the heart of Staunton's historic Lakeview area, the property offers a rare combination of stabilized in-place income and a location that drives durable long-term rental demand. The building is close to Gypsy Hill Park and its public golf course, picnic pavilions, and beloved duck pond, as well as Mary Baldwin University, downtown restaurants and retail, the Amtrak station, and Augusta Health's Staunton outpatient center, with the main Augusta Health hospital campus a short drive away and Western State Hospital approximately 3.5 miles out. Easy access to I-81 and I-64 connects the property to Harrisonburg, Charlottesville, Richmond, and Washington, D.C. This is a turnkey opportunity for an investor seeking in-place cash flow and in a location with genuine, multi-driver rental demand. Serious inquiries only. To learn more about Staunton, visit visitstaunton.com.

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Additional Information

Area: 9900 - All Other Counties/Cities
Subdivision: N/A
Neighborhood: 9900 - All Other Counties/Cities
Taxes: $8,101
Heating: Heat Pump
Cooling: Heat Pump
Water: Public
Sewer: Public Sewer
Elementary School: Other - See Remarks
Middle School: Other - See Remarks
High School: Other - See Remarks
Remarks: Fully leased, 7-unit apartment building offered for the serious multifamily investor. All units were renovated in 2018/2019, including upgraded electrical, plumbing, and HVAC systems, and a new roof was installed in March 2023. The building is 100% occupied, electric is individually metered and tenants pay all utilities. Located in the heart of Staunton's historic Lakeview area, the property offers a rare combination of stabilized in-place income and a location that drives durable long-term rental demand. The building is close to Gypsy Hill Park and its public golf course, picnic pavilions, and beloved duck pond, as well as Mary Baldwin University, downtown restaurants and retail, the Amtrak station, and Augusta Health's Staunton outpatient center, with the main Augusta Health hospital campus a short drive away and Western State Hospital approximately 3.5 miles out. Easy access to I-81 and I-64 connects the property to Harrisonburg, Charlottesville, Richmond, and Washington, D.C. This is a turnkey opportunity for an investor seeking in-place cash flow and in a location with genuine, multi-driver rental demand. Serious inquiries only. To learn more about Staunton, visit visitstaunton.com.