Turnkey Duplex Investment
2618-2638 Sunnymeade Road Unit A&B Rustburg, VA 24588
2618-2638 Sunnymeade Road Unit A&B, Rustburg, VA, 24588
$979,900
For Sale
$979,900
Two side-by-side duplexes offer four 3-bedroom, 2.5-bath units with open-concept living, in-unit laundry, and private back decks.
Property Size5,300 SF
Price / SF$184.89
Days on Market49
Property Features for 2618-2638 Sunnymeade Road Unit A&B
General Information
- Standard status
- Active
- Size
- 5,300 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 2024
Listing agency
Elite Realty
(434) 665-7234
Listed by
Rikki Cheatham · License #0225228025
(434) 665-7234
Source
Compass
Added: Jun 3 Updated: Jul 21 at 1:24PM Checked: Jul 21 at 1:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Realty
Investment Insights
Based on property information with market context.
This turnkey investment features two side-by-side duplexes totaling four units. Each unit provides three bedrooms and two and a half baths, with an open-concept main level that includes a bright living area, dining space, and a kitchen with ample cabinetry, granite countertops, a tile backsplash, and stainless-steel appliances. A half bath and a laundry closet complete the main floor, while the upper level offers three bedrooms with vaulted ceilings and ceiling fans, along with two full bathrooms featuring quality finishes, including a walk-in tile shower. Private back decks provide additional outdoor space for each unit.
The property is located near Liberty University and close to shopping, dining, and entertainment, offering convenient access to everyday destinations.
Overall, the configuration delivers four similarly appointed residential units in a maintained, ready-to-operate setup suited to investors or owner-occupants seeking dependable rental income.
The property is located near Liberty University and close to shopping, dining, and entertainment, offering convenient access to everyday destinations.
Overall, the configuration delivers four similarly appointed residential units in a maintained, ready-to-operate setup suited to investors or owner-occupants seeking dependable rental income.
Key Highlights
- Side‑by‑side duplexes built in 2024 offering four units total (each unit has 3 bedrooms and 2.5 baths)
- Open‑concept main level in each unit with living/dining area and modern kitchen with granite countertops, tile backsplash, and stainless‑steel appliances
- In‑unit laundry closet and a half bath on the main level in each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.1k | $12.84 |
| − Vacancy | −$3.8k | −$0.72 |
| EGI | $64.2k | $12.12 |
| − OpEx | −$19.3k | −$3.64 |
| NOI | $45.0k | $8.48 |
5,300 SF · lease $12.84/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$642.3K
$562.1K – $749.4K
NOI $44,964 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$559.6K
$489.6K – $652.8K
NOI $39,170 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,079 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two side-by-side duplexes offer four 3-bedroom, 2.5-bath units with open-concept living, in-unit laundry, and private back decks.
Where is this quadplex located?
The property is located at 2618-2638 Sunnymeade Road Unit A&B Rustburg, VA.
What is the asking price?
The asking price for this property is $979,900.
What are key features of this property?
This property features: Side‑by‑side duplexes built in 2024 offering four units total (each unit has 3 bedrooms and 2.5 baths); Open‑concept main level in each unit with living/dining area and modern kitchen with granite countertops, tile backsplash, and stainless‑steel appliances; In‑unit laundry closet and a half bath on the main level in each unit
