Restricted Address WINCHESTER, VA 22602

Features

• Price/sqft : View Details
• Lot Size : View Details
• Total Units : View Details
• Room List : View Details
• Stories : View Details
• Roof Type : View Details
• Heating : View Details
• Exterior Walls : View Details

Facts

• Year Built : View Details
• Property ID : View Details
• MLS Number : View Details
• Parcel Number : View Details
• Property Type : View Details
• County : View Details

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

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. Sellers will consider short term owner financing of 402 Round Hill but not 386. Properties sold together on one contract. 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 $3665 with a seller calculated CAP rate of 6.5%. 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 in upper unit #3. 402 Round Hill is a 2 bedroom, one bath detached bungalow with about 1008 sq feet. Each house has it's own separate well and septic. All units include range and refrigerators and 3 units with 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. County master planning currently being studied for possible water extension. Contact Frederick County Planning to view master plans for the area.