List Search

6796 Fayette St
Haymarket, VA 20169

$900,000 USD

Apartments For Sale  •  3,764 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,764 SF
  • Lot Size 0.37 AC
  • Building Class C
  • Year Built 1901
  • Zoning R4
0 Transit Score
65 Walk Score

Description

Investor Opportunity — Cash Flow Today, Massive Upside Tomorrow! Now priced at $900,000, this fully rented, grandfathered single-family home plus duplex in Historic Haymarket delivers immediate returns with huge room for growth. With current rents at $6,100 per month, the property already generates positive cash flow. Using 25% down at a 6.5% rate, monthly expenses including mortgage, taxes, and insurance are approximately $4,973, producing about $1,127 per month in cash flow and an estimated 6% cash-on-cash return on day one. The real upside comes from bringing rents to market. Pro forma rents total $9,100 per month, raising monthly cash flow to over $4,127, generating more than $49,500 in annual cash flow and pushing the cash-on-cash return to an impressive 22%. This rare investment offers a grandfathered multi-unit setup, stable tenants, strong current performance, and a clear, achievable path to dramatically increasing ROI. Opportunities like this in Historic Haymarket are exceptionally hard to find, combining location, cash flow, and long-term upside in one compelling package.

Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Washington Dulles International 37 min - 24.8 mi
Sarah Reynolds Oji 844-851-7730 Reynolds EmpowerHome Team
Sarah Reynolds Oji 844-851-7730 Reynolds EmpowerHome Team