1624& 1626 E Riverside DR new Save Request In-Person Tour Request Virtual Tour
Salem,VA 24153
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $154
Subdivision Orchard Court
MLS Listing ID 922631
Construction Status Completed
Year Built 1970
Annual Tax Amount $1,958
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Duplex
Property 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.
Location
State VA
County City Of Salem
Area 0300 - City Of Salem
Interior
Interior Features Ceiling Fan(s)
Heating Baseboard Electric
Cooling Window Unit(s)
Exterior
Parking Features Private (1 - 9)
Pool Laundry Facility,Other - See Remarks
View River
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Wood
Construction Status Completed
Schools
Elementary Schools East Salem
Middle Schools Andrew Lewis
High Schools Salem High
Others
Tax ID 259-1-6
Miscellaneous Laundry Facility,Other - See Remarks