Two-story, four-unit Multi-Family complex in the downtown Winchester area. Prime location with easy access; close to main arteries. Well-maintained and up-to-date. Stable income as each unit is leased annually but at an approximate market rate with a low-to-no vacancy rate ensuring steady cash flow. Financials are available for serious buyers. 8% CAP rate. Turn-key investment available for immediate purchase. No lock box. Listing agent must accompany.
This three unit property provides an amazing opportunity to invest in multi-family real estate. All of the units are currently rented and producing a total of $3,600 in gross monthly revenue. All of the tenants are long term and happy. The 3 units are labeled 1, 4, and 2/3. Unit 1 is a two bedroom, 1 bath and is 1,008 sqft. Unit 4 has two bedrooms, one bath and is 1,260 sqft. Apartments 1 and 4 rent for $1,000 each. Apartment labeled 2/3 is in the back of the building and has two levels. The lower level is 1,218 sqft and the upper level is 832 sqft. for a total of 2,050 sqft. This unit rents for $1,600. This makes a gross annual revenue of $43,200. Ask agent for video links All of the units are in good shape and have been maintained very well.
Excellent investor opportunity to own 2 adjacent income producing detached homes sold in a special package deal with a total of 4 rental spaces in both homes. Or, you could live in 402 Round Hill and just rent the 3 units at 386 Round Hill. Tenants pay utilities. Total combined monthly rent is $3570 with a seller calculated CAP rate of 6.7%. 386 Round Hill on the right with 3 units is about 2736 square feet containing 2 units on the main level and one unit on 2nd floor. New carpet being scheduled in upper unit. Each house has it's own separate well and septic. All units include range and refrigerators and laundry hook ups. Each unit has separate outside entrance and individual electric meters. Need 24 hour notice to arrange showings with the 4 tenants. Comcast available for TV and Internet. Ideal location just west of the city limits off Rt 50, minutes from Winchester Medical Center, Wal-Mart, numerous restaurants and businesses.
Exceptional opportunity located directly on Valley Avenue. 20 residential units, 15 offices. Selling at a CAP rate of 7.5%. Fully leased and possible help with financing to a well qualified buyer. The residential units are fully furnished and fully leased. The offices are full rented except the 2 the current owner uses. There is a shared conference room , kitchen and reception area for the office units.
Currently a single family home with a private âguest apartmentâ, but zoned multi-family with the potential for up to 4 units!! Nestled in the center of Winchesterâs Historic District, this stately home offers the perfect balance of circa 1890 J.B Russel stunning architecture and new modern finishes. Surrounded by beautiful woodwork, brick-exposed walls, arched walls and doorways and soaring 12-foot ceilings, this home exudes elegance. The renovations done in the last 2 years have stayed true to the home's original architecture, while modernizing it and adding luxurious features throughout. The kitchen renovation was just completed, and consisted of enlarging the original space to include beautiful two-tone cabinetry, marble countertops, high-end appliances and an expansive center island with additional seating. Large families or out of town guests will sleep comfortably in one of the 7 bedrooms. One of the bedrooms is conveniently located on the main level, featuring a fireplace, wet bar and renovated attached bathroom. The remaining bedrooms are on the top two floors, with more charming fireplaces and additional features such as adjoining sitting rooms and a sunroom. The opulent primary bedroom is a light and bright room, featuring a fireplace and walk-in closet with custom built-in cabinetry. Total relaxation awaits you in the luxurious primary bathroom, with dual sinks, heated floors, a large walk-in shower and copper tub. This serene room also gives access to a private balcony, overlooking the beautifully landscaped grounds. This home is an entertainer's dream, with plenty of formal spaces throughout for gathering friends and family. Additionally, the 2200+ square foot finished basement offers a unique space that could have multiple uses. The brick floors and walls, beamed ceilings and overall dark ambiance give this space a vintage Speak Easy look. A recipient of the 2023 Winchester Lucille Lozier Award, all of the renovations were completed in accordance with the Winchester Historic Architecture Board.
Two Buildings containing a total of four (2) bedroom one bath units.
For Sale â 1.89 + Acres Redevelopment Site located just off Valley Avenue in southern Winchester. Property consists of 2 parcels and includes a single family detached rental and one unimproved lot. Lot is zoned MR and Improved parcel is zoned B-2. Property is ideally suited for multi-family development. All properties are leased. Call listing broker for additional information. Do not disturb tenants. Showings of house and duplex by appointment only and only after a ratified contract.
Winchester is located in Virginia. Winchester, Virginia has a population of 28,194. Winchester is less family-centric than the surrounding county with 26.15% of the households containing married families with children. The county average for households married with children is 26.15%.
The median household income in Winchester, Virginia is $61,321. The median household income for the surrounding county is $61,321 compared to the national median of $69,021. The median age of people living in Winchester is 36.6 years.
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 21.3 degrees. The average rainfall is approximately 38.3 inches per year, with 21.9 inches of snow per year.
