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31707823
31707824

129 Newbern Rd, Dublin, VA 24084

DB
VA 0225038228
EXP Realty
Listed by EXP Realty
$174,900
49 days on market
Updated 9 days ago

129 Newbern Road

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,704
Units 2
Cap Rate 0.86%
NOI $1,500
Price per SqFt $103
Year Built 1940
Buildings 1
Stories 2
Acreage 0.280
Zoning B1

Multifamily | 2 Units | $87,450/unit

Marketing description

Excellent Investment Opportunity – Income-Producing Duplex in the Town of Dublin! This well-maintained commercial duplex offers a fantastic opportunity for investors seeking steady rental income. Featuring an up-and-down layout, the property includes two separate units: a spacious 3-bedroom, 1-bath apartment on the lower level and a comfortable 2-bedroom, 1-bath apartment on the upper level—ideal for maximizing rental potential. The exterior is constructed of durable cinderblock with a shingle roof, providing low-maintenance ownership and long-term reliability. Each unit is equipped with forced air heating, while window units provide cooling for seasonal comfort. Utilities are efficiently set up with separate electric meters for each unit, and public water and sewer services are provided by the Town of Dublin. Outside, tenants will appreciate the convenience of a gravel driveway and dedicated gravel parking area, offering ample off-street parking. Currently generating $1,700 per month in rental income, this duplex presents a solid return opportunity with room for future growth. Whether you’re expanding your portfolio or entering the investment market, this property checks all the boxes!

Investment highlights

Excellent Investment Opportunity – Income-Producing Duplex in the Town of Dublin! This well-maintained commercial duplex offers a fantastic opportunity for investors seeking steady rental income. Featuring an up-and-down layout, the property includes two separate units: a spacious 3-bedroom, 1-bath apartment on the lower level and a comfortable 2-bedroom, 1-bath apartment on the upper level—ideal for maximizing rental potential. The exterior is constructed of durable cinderblock with a shingle roof, providing low-maintenance ownership and long-term reliability. Each unit is equipped with forced air heating, while window units provide cooling for seasonal comfort. Utilities are efficiently set up with separate electric meters for each unit, and public water and sewer services are provided by the Town of Dublin. Outside, tenants will appreciate the convenience of a gravel driveway and dedicated gravel parking area, offering ample off-street parking. Currently generating $1,700 per month in rental income, this duplex presents a solid return opportunity with room for future growth. Whether you’re expanding your portfolio or entering the investment market, this property checks all the boxes!

Listing Contacts

DB
VA 0225038228
EXP Realty
Listed by EXP Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$1,500.00
$125.00/mo

Valuation Metrics

0
DSCR
0.86%
Cap Rate
0.86%
ROI

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Additional Information

Name
Denise Blevins
License
0225038228
Brokerage
eXp Realty
Brokerage Phone
(866) 825-7169
Brokerage Address
800 Corporate Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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