6704 Cedar Lake Dr - Apartments FOR SALE


Gloucester, VA 23061
$550,000 USD
804-693-3032
6704 Cedar Lake Dr, Gloucester, VA for Sale
$550,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

6704 Cedar Lake Dr
Gloucester, VA 23061


HIGHLIGHTS

  • Three of the 4 Units have been remodeled.
  • Great Rental Potential

OVERVIEW

Investors - here it is! Gloucester Courthouse quadplex recently renovated & updated offering 4 two-bedroom, 1 bath units with heat pumps/central air, newer water heaters, appliances & each have their own washer/dryer hookups. They are on county water & convenient to the hospital, Beaverdam Park, schools, shops & dining. Three units were JUST REMODELED and left for you to choose your own tenants with rent potential easily at $1,250 - $1,350 per unit. One unit is leased on a month-to-month. New siding, roof & rear windows 2022, new front windows 2020. Other recent renovations include flooring, paint, cabinetry, countertops & appliances. An excellent investment opportunity!

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

4

PRICE/UNIT

$137,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

Multi-Family

APN/PARCEL ID

23461

ASK ABOUT THIS PROPERTY

ReNaye DameGloucester RealtyMore Info
804-693-3032

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ReNaye DameGloucester RealtyMore Info
804-693-3032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.