Scenic downtown Luray near the riverwalk, Luray Caverns and Skyline Drive. This parcel consists of a Large Corner lot with access to three streets, off street parking and full tenant occupancy. Commercial/multi-family Mixed Use building with two spacious storefronts and 4 total rental units upstairs. Front facade recently painted and updated, and a portion of metal roof replaced within last few years. Building has rear storage areas behind each storefront and good access to basement with upgraded support system. Most of the tenants are long standing and therefore some rents are below current market rate. Rental units are in good condition overall. Most leases are month to month. Storefronts have HVAC systems, half bath each and pay their own utilities. (2) Two bedroom, full bath and (2) One bedroom, full bath Apartments. All have Electric baseboard heating and window unit a/c. They also pay their own utilities. See documents for square footage and rents.
|Price Reduced from $495,000 to $465,000|
Stable Population, High Residential Turnover
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