$1,050,000
$1,225,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
6,578 SqFt
SOLD DATE : 06/12/2024
Key Details
Sold Price $1,050,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,578 sqft
Price per Sqft $159
MLS Listing ID VAWI2004490
Sold Date 06/12/24
Originating Board BRIGHT
Year Built 1956
Annual Tax Amount $5,395
Tax Year 2022
Lot Size 0.488 Acres
Acres 0.49
Property Description
Incredible investment opportunity to own a well-established, fully occupied, income producing multifamily property in the rapidly growing city of Winchester, Virginia! This all brick, 2 story property contains 8 units total: (3) Three Bedroom/One Bath, (3) Two Bedroom/One Bath, (2) One Bedroom/One Bath units. Each unit is individually metered with tenants paying their own water + sewer and electricity. New concrete front walkways and new concrete back steps allows for easy access from each individual unit and there's abundant on street parking for tenants. Located just behind Quarles Elementary School, a short distance to Handley High School, and about a 5 minute drive to Downtown Winchester's Walking Mall this exciting investment opportunity has so much to offer & so much possibility for growth if one wanted. This property makes for a rare opportunity in a fast growing market only 50 minutes west of Dulles Airport and 75 miles from Washington, D.C.
Location
State VA
County Winchester City
Zoning HR
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Flooring Hardwood
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Architectural Shingle
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Call School Board
Middle Schools Call School Board
High Schools Call School Board
School District Winchester City Public Schools
Others
Tax ID 233-05-F- 1-
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Meridee A Powars • Link Realty Services LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "