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$249,900
1,812 SqFt
0.03 Acre Lot
1,140 Sqft Lot
Status Active
Property Type Office
Year Built 1922
Days on Website 344

Property Map

$249,900 – 238 King Street E, Strasburg, VA 22657

Street View

Courtesy of Owen R Heine, Sager Real Estate.

Description

Investors take note, this property is 100% leased. Upstairs apt tenant pays $850/mo. Downstairs tenant has a 3 year lease with annual increases; $650/mo to $750 to $850/mo. 2017 renovation and buildout completed. Recent appraisal to justify asking price.

Property Details and Features

House

  • 1,812 net sqft
  • 1,812 total building sqft
  • Built in 1922
  • Major renovation in 2017
  • 2 units in building
  • 2 levels in building
  • Brick

Cooling

  • Central Air
  • Cooling
  • Electric
  • Central A/C

Disability Features

  • Doors – Swing In

Expenses

  • Annual Gross Expense: $3,300
  • Insurance Expense: $2,300
  • Other Expense: $1,000
  • Trash
  • Insurance

Heating

  • Electric
  • Natural Gas
  • Gas
  • Forced Air

Income

  • Gross Income: $19,200
  • Net Operating Income: $15,900
  • Apartment Rentals

Listing

  • 345 days on market
  • $138 per sqft
  • Property Sub Type: Office

Location

  • County: Shenandoah
  • Subdivision: None

Lot

  • 1,140 sqft
  • Area: 1140
  • 0.03 acres

Roof

  • Metal

Sewer

  • Public Sewer

Taxes

  • City/Town Tax: $232
  • City/Town Tax Pymnt Freq: Annually
  • County Tax: $869
  • County Tax Pymnt Freq: Annually
  • Tax Annual Amount: $1,100
  • Tax Year: 2017

Utilities

  • Hot Water: Electric
  • Natural Gas Available
  • Phone Connected

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