15992 SQ FTSource: Owner

815 Lyndhurst Rd

Waynesboro, 22980

$1,195,000

Kenmore Park Apartments has been a treasured home to many for over 50 years with its tranquil setting surrounded by tall trees and the sounds of the South River as its backdrop. We are proud to bring this iconic Waynesboro property to market for only the second time in its history. 20 market rate rental units are comprised of: (2) 3br/2ba, (3) 2br/1ba, (4) 1br/1ba w/den, (10) 1br/1ba and (1) 1br/1ba efficiency unit. With historically high occupancy and very low turnover, Kenmore offers a very stable investment for a long term hold or 1031 exchange purchaser. Included in the purchase is a full set of architectural plans to add 8-11 new units on the existing property, a substantial value add opportunity. Disclosure: LA related to some owners