318 Royal AveFront Royal, VA 22630MLS Number 1000075195

  • Price: $599,999
  • 580 Days on Market
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Federal 30-year interest rate: 4.63% last updated on Dec 13, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1950Year Built
  • 100Price Per Square Foot
  • 2015Assessment Year
  • 397.67City Town Tax

Cash flowing property with value-add opportunity. Priced to sell at 8.5% 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.

Listed by Jon Fidero of Vesta Realty LLC

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Basic Information

  • Broker NameVesta Realty LLC
  • List Price$599,999
  • MLS Number1000075195
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot100
  • StatusACT
  • Vacation Rental YNN

Building

  • Building Area SourceEstimated
  • Building Area Total6000
  • Building Area UnitsSquare Feet
  • Construction MaterialsBrick
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Year Built1950

Exterior

  • RoofRubber

Utilities

  • Central Air YNN
  • Heat SystemFloor Furnace, Central
  • Heating YNY
  • SewerPublic Septic, Public Sewer
  • Water HeaterElectric
  • Water SourcePublic

Tax Information

  • Assessment Year2015
  • City Town Tax397.67
  • City Town Tax Payment FrequencyAnnually
  • County Tax1896.58
  • County Tax Payment FrequencyAnnually
  • Tax Lot9
  • Tax Total Finished Sq Ft5,096
  • Tax Year2016
  • Taxes$2,294
  • Total Taxes Payment FrequencyAnnually

Property

  • Business TypeOther, Investment
  • New Construction YNN
  • Property ConditionAs-is Condition, Renov/Remod
  • ZoningC

Interior

  • Clear Span Ceiling Height8' to 10'
  • FlooringWood, Fully Carpeted, Vinyl, Tile/Brick

Parking

  • Assigned Parking Spaces
  • Num Parking SpacesPrivate 1-10 Spaces
  • Parking TypesNone
  • Total Garage And Parking Spaces

Basic Information

  • Date Listed05/16/2017

Location

  • Address318 Royal Ave
  • Building Number318
  • CountyWarren
  • DirectionsFrom Exit 13 on I-66 take John Marshal Hwy to
  • In City Limits YNY
  • IncorporatedcitynameFront Royal
  • StateVA
  • SubdivisionFront Royal
  • TownFront Royal
  • Water Oriented YNN
  • Zip22630

Water Body

  • Tidal Water YNN
  • Water AccessN
  • Water View YNN
  • WaterfrontN

Other

  • Gross Income62400
  • Operating Expense10000
  • Vacancy Allowance Rate5
  • View Count1

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