143 N Elkin Ave, Waynesboro, VA 22980
Local realty services provided by:ERA Bill May Realty Company
143 N Elkin Ave,Waynesboro, VA 22980
$675,000
- - Beds
- - Baths
- 2,592 sq. ft.
- Multi-family
- Active
Listed by: jenny mitchell
Office: exp realty llc.
MLS#:672218
Source:VA_HRAR
Price summary
- Price:$675,000
- Price per sq. ft.:$260.42
About this home
Turnkey, fully renovated 4-unit apartment building offering immediate, stabilized income. The property underwent an extensive, top-to-bottom renovation in 2023. All new systems and finishes, including plumbing, electrical, roof, gutters and downspouts, windows, kitchens, baths, lighting, paint, and refinished original wood floors and more. The building is fully rented with annual leases, generating $5,250/month in gross income ($63,000 annually). Tenants pay all utilities, keeping operating expenses streamlined. Each unit includes baseboard heat, window A/C, and in-unit washer/dryer. Additional features include off-street parking for all tenants and a location directly across from the Virginia Metalcrafters Marketplace, a growing mixed-use destination home to Happ Coffee, Commonwealth Crush, Basic City Brewing, and the Foundry. This proximity to popular food, beverage, and gathering spots adds everyday convenience for tenants and supports long-term rental demand. Easy 25 min commute to Charlottesville. This is a true buy-and-hold opportunity for investors seeking low-maintenance ownership, predictable cash flow, and no need for immediate major repairs or system replacements.
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Home facts
- Year built:1947
- Listing ID #:672218
- Added:2 day(s) ago
- Updated:January 09, 2026 at 03:45 PM
Rooms and interior
- Living area:2,592 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Baseboard, Electric
Structure and exterior
- Year built:1947
- Building area:2,592 sq. ft.
- Lot area:0.3 Acres
Schools
- High school:Waynesboro
- Middle school:Kate Collins
- Elementary school:Wenonah
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$675,000
- Price per sq. ft.:$260.42
- Tax amount:$3,759 (2025)
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