Incredible opportunity in Virginia with a 11.2% Pro Forma Cap Rate. Add coin op washer/dryer for more income. Main level recently rehabbed and rented. New Boiler and Water Heater (2024). Garage is currently used by the neighbor who maintains snow and lawn, could be rented for additional income. Upper Level tenant has been there for 1.5 years and rent can be increased to current section 8 standards. Basement is in great shape and there is additional off street parking next to the garage. Rare opportunity to buy a unit and cashflow right away or live in one unit and the other unit rent will make your mortgage payment!
Here's a chance to own two homes on a single lot in Virginia! Located on a large corner lot, this duplex + triplex combination features great living spaces and a large area for tenant parking. Close to parks, coffee shops, and other amenities, this unique property offers the best of in-town living along with an opportunity to earn income while you're at it!
The median home value in Virginia, MN is $157,000. This is higher than the county median home value of $153,000. The national median home value is $219,700. The average price of homes sold in Virginia, MN is $157,000. Approximately 50.31% of Virginia homes are owned, compared to 36.15% rented, while 13.54% are vacant. Virginia real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Virginia real estate agent to arrange a tour today!
Virginia, Minnesota has a population of 8,570. Virginia is less family-centric than the surrounding county with 24.14% of the households containing married families with children. The county average for households married with children is 26.75%.
The median household income in Virginia, Minnesota is $36,327. The median household income for the surrounding county is $50,936 compared to the national median of $57,652. The median age of people living in Virginia is 42.2 years.
The average high temperature in July is 76.5 degrees, with an average low temperature in January of -1.7 degrees. The average rainfall is approximately 28.4 inches per year, with 61.3 inches of snow per year.