Property Description

INVESTOR-ONLY OPPORTUNITY! Income-producing triplex in downtown Colonial Beach! Built in the 1920s, this 1,881 sq. ft. property features three separate one-bedroom, one-bathroom apartments, each with its own electric meter and sewer hookup. The units are basic but offer three separate rental opportunities in a convenient downtown location. Heating is provided by baseboard units, with window units for cooling; there is no central HVAC. All units are tenant-occupied, and existing leases must be honored and maintained. Property will not be delivered vacant for owner occupancy. This triplex is sold as-is condition without repairs. All existing leases must be honored and maintained; the property will not be delivered vacant for owner occupancy. Property is being sold AS-IS. An executed AS-IS addendum is required with the offer. Inspections are for informational purposes only. Seller will make no repairs or improvements. Buyers should perform their own due diligence regarding property condition, leases, rental income, expenses, and investment potential. Please submit offers accordingly. Buyer to verify permitted uses with the City of CB. Dimensions and measurements are approximate. Individual unit square footage is estimated from the property sketch and has not been independently measured or verified. Buyers should independently verify square footage, taxes, zoning and all other information material to their purchase. Only cash offers or Investor loans will be considered w/ minimum down payment of 25% (conventional loans). Must include K1344: Contingencies & Clauses Addendum As-Is, Section 2B with all items checked. No owner financing offers or owner occupied offers, or any financing with VA, FHA, USDA loans. These offers will be rejected. See Listing VAWE2012384

Property Features

Local Schools