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B3 Land with Residential or Business Income 7999 Fast Ln 4 Unit Apartment Building $789,999 ($197,500/Unit) Mechanicsville, VA 23111
Investment Highlights
- Income-Producing Duplex for Residential and/or Business Use
- Located at I-295 Mechanicsville exit
- Zoned B3: Opportunity to Redevelop for Business Use
Executive Summary
2.43 Acres, up to 2.86 contiguous acres. There is a 2-Unit house on each lot, that can be rented for business or residential income, with dual access from Fast Lane in the front and rear and located at I-295. B3 Zoning allows for business uses or they can remain, as grandfathered, income-producing residential apt/office.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Yard
- Basement
- Breakfast Nook
- Built-In Bookshelves
- Den
- Dining Room
- Island Kitchen
- Lawn
- Patio
- Large Bedrooms
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3.5 | 2 | $31,600 | 1,505 - 3,011 |
| 3+2 | 2 | $21,000 | 1,141 - 2,282 |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $705,200 | |
| Land Assessment | $189,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $515,400 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$189,800
Improvements Assessment
$515,400
Total Assessment
$705,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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B3 Land with Residential or Business Income | 7999 Fast Ln
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