318 Royal Avenue
Front Royal, VA 22630
MLS #WR9948795

Commercial
    $600,000
    Est. P&I payment: $2291.59/mo
    318 Royal Avenue, Front Royal, VA 22630
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    Description for 318 Royal Avenue, Front Royal, VA 22630
    Cash flowing property with value-add opportunity. Priced to sell at 8% CAP! Building is fully tenanted. Includes (2) Two-bedroom apartments, (2) One-bedroom apartments, (1) Efficiency apartment, and (1) Commercial Unit. Apartments and commercial space completely renovated (2016), new windows throughout for entire building, brand new rubber insulated roof, updated electric, updated baths.
    MLS #WR9948795
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    My Notes for MLS #WR9948795

    General Features

    • Property Type: Commercial
    • Comm Industrial Type: Other
    • Zoning Code: C

    Exterior Features

    • Exterior: Brick
    • Roof: Rubber
    • Stories: 2
    • Water Front: N
    • Parking Included In List Price: Y
    • Parking: Private 1-10 Spaces

    Interior Features

    • Gross SQFT: 6,000
    • Net SQFT: 5,500
    • Floor: Wood,​Fully Carpeted,​Vinyl,​Tile/Brick
    • Clear Span Ceiling Height: 8' to 10'
    • Walls Ceilings: Plaster Walls,​Dry Wall

    Utilities Features

    • Heating: Floor Furnace,​Central
    • Hot Water: Electric
    • Sewer Septic: Public Septic,​Public Sewer
    • Water: Public

    Financial Features

    • Price Per Square Foot: 100
    • Total Taxes: 2,294.25
    • Total Taxes Payment Freq: Annually
    • City Town Tax: 397.67
    • City Town Tax Payment Freq: Annually
    • County Tax: 1,896.58
    • County Tax Payment Freq: Annually
    • Tax Year: 2016
    • Total Assessment Payment Freq: Annually
    • Assessment Year: 2015
    • Rent Income: 62,400
    • Gross Income: 62,400
    • Monthly Gross Rent: 5,200
    • Rental Net Operating Income: 52,400
    • Property Net Operating Income: 52,400
    • Owner Pays: Taxes-Real Estate,​Utilities,​Other
    • Expenses: 10,000

    Community Features

    • City: 10000026664
    • County: Warren
    • HOA: N
    • Vacation Home: N
    • Advertised Subdivision: FRONT ROYAL

    Misc Features

    • Property Condition: As-is condition,​Renov/Remod
    • Year Built: 1950
    • Occupied: Yes
    • Vacancy Factor: 5
    • Tenancy: 1 Year Lease(s),​2 Year Lease(s)
    • Auction: N
    • Foreclosure: N
    • Potential Short Sale: No
    • Pass Through: No

    Location

     
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    The listing information for 318 Royal Avenue, Front Royal, VA 22630 was graciously provided by our friends at the listing brokerage, BSM Properties LLC

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    P&I Payment $2291.59
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    Last Updated 04/22/2018 at 1:41pm
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