313 Rhodenizer St

EXCELLENT INVESTMENT OPPORTUNITY! THE LOCATION -- Located in the historic River District. The property is just across the bridge from DOWNTOWN DANVILLE on one side, and the soon to be revitalised NORTH MAIN RIVERSIDE BUSINESS DISTRICT on the other -- all shops, restaurants, breweries, coffee shops and attractions. 3 MILES FROM THE NEW CASINO; near the upcoming DAN RIVER FALLS (the new mixed use recreation and community hub expected to be complete in Spring 2025, which is expected to increase property appreciation of this area); and a new riverside luxury apartment development -- Long term reliable tenants, consistent rental history. The property was never renovated before so rent was at $550 but after recent improvements, market rent can be $900+ Open to all purchase and financing structures -- including lease options (installment land contracts, contracts for deed) and seller financing -- let's talk!! Extensive renovation recently done after last sale -- waterproof metal roof painting, completely new gutter systems installed; HVAC servicing; basement vapor barrier installed; plumbing reconstructed in basement; the property has a full termite warranty for a year, siding repaired and replaced. Bathroom re-model in process; All window screens replaced; All basement doors replaced. Basement improvement with the potential of an extra bedroom and bathroom downstairs which can add to total square footage; Huge furnace room that can be used as a big storage room. End / corner lot with large back-yard and more privacy. Tenant owns all appliances. Owner is a licensed real estate professional. Current lease term with tenant to end in June 2025.