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Listing Presented by WAINWRIGHT & CO., REALTORS(r)- LAKE
(540) 387-5800
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 Listing Presented By:Wainwright & Co. - REALTORS
Office Phone:(540) 387-5800
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MLS#: 922631
$325,000
1624& 1626 E Riverside DR
Salem
VA
24153
Active
Description:
Premier Cash-Flow Duplex in Exclusive Orchard Court-100% Occupied, Seize this rare income-generating opportunity-the only one of its kind in this highly sought after single family neighborhood. This side-by-side duplex delivers immediate rental income with two long-term, month-to-month tenants already in place, offering maximum flexibility for rent increases or future owner-occupancy. Proven Rental Profermance & Upside Potential! Current rents provide stable cash flow; market comps support $1,500+/unit. Zero vacancy risk-both units consistently leased to reliable, long term tenants. Month-to-month leases allow instant rent optimization or seamless transition. Exclusive covered parking+private storage in one, and in unit laundry hookups in both. Abundant off street parking.
Directions:
From Apperson Dr: Right on E. Riverside Dr to 1624/1626.
Property Type: MULTIFAMILY Property Sub-Type: Duplex Area: 0300 - City of Salem Square Feet: 2100 Year Built: 1970
Age:
55 Elem. School: East Salem Middle School: Andrew Lewis High School: Salem High County: City of Salem Subdivision: LYRL03UEMMW Acres:
0.5200
Taxes: $1,958.00 Total Units: 2 Lessor Pays: None Cooling: Window Unit(s) Heat: Baseboard Electric Lot Num: 8 Pt. 8 Sewer: Public Sewer Water: Public
Financing:
Taxes: $1,958.00
LOT FEATURES:
River View
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