604 Bristol Village Drive Unit 306, Midlothian, VA 23114

Property Description

INVESTOR OPPORTUNITY IN THE HEART OF MIDLOTHIAN! Looking for an income-producing property with an established tenant already in place? Welcome to 604 Bristol Village Drive, Unit 306, in the desirable Bristol Village at Charter Colony community! This spacious, third-floor condo offers 1,014 square feet of comfortable living space, featuring a primary bedroom, full bathroom & versatile loft that provides flexible space for a home office, guest area or additional living space. The vaulted great room with fireplace creates an inviting atmosphere, while the open layout offers plenty of natural light. Currently tenant-occupied with $1,550 in monthly rental income ($18,600 annually) and a lease in place through June 2027! The property has a long-term tenant who has expressed an interest in potentially renewing, offering an appealing opportunity for an investor seeking an established rental rather than starting from scratch. Professionally managed & maintained, this property provides the convenience of an existing rental arrangement. Bristol Village is a rental-friendly community with no HOA rental cap, making it especially attractive to investors looking to expand their portfolio. Residents enjoy community amenities including a clubhouse, fitness center & swimming pool, along with an excellent Midlothian location convenient to shopping, dining, major commuter routes & everyday essentials. The YMCA is just a short, approximately 2-minute walk away! Whether you're adding to an existing investment portfolio or purchasing your first rental property, this is an opportunity to acquire a professionally managed, income-producing condo in an established Chesterfield County community. Property is being sold subject to the existing lease and tenant rights. Schedule your showing & explore the investment potential of Bristol Village!