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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

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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 Duplexes available for sale, individually or as a portfolio.
7999 and 0 Fast Lane, $789,999 consists of a brick, 2-story home with basement apartment on 2.5 acres, located at Cold Harbor Rd and I-295.
7581 Cold Harbor Rd $787,999 is road-front, brick, 2-story home with 2 apartments on .37 acres.
B3 Zoning allows for business uses or they can remain 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

Price $789,999
Price Per Unit $197,500
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Single-Family Home
Building Class C
Lot Size 2.86 AC
Building Size 5,293 SF
No. Stories 2
Year Built 1960
Zoning B3 - B3 Zoning allows for a wide variety of commercial, retail, automotive, and service activities. Current SF/MF use is grandfathered.

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
  • Listing ID: 38372790

  • Date on Market: 11/7/2025

  • Last Updated:

  • Address: 7999 Fast Ln, Mechanicsville, VA 23111

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