1006 & 1008 Franklin Street

WINCHESTER, VA 22601

  • 3 Bed(s)
  • 1.5 Bath(s)
  • 0 Sqft
  • 9147.6
    Sqft(Lot)
$179,000

Description

Back to market, price to sell, price reduced, $179 offered per unit both unit together offered at $358 k since they are under one parcel and one tax bill and one water meter and gas.

attractive deal to investor or new investor or first time buyer, please schedule visit online, or call agent, two identical units “duplex” where each unit is end unit townhouses, currently one unit is vacant and available to view, each unit is about 1146 sq ft size with 2 levels, 3 bedrooms and 2 bathrooms and average rent earns $1450-$1500 per month/unit for the current year, earning almost 9-10% cap rate or more cash on cash return, here first time buyer can use one unit and enjoy rental income for 2nd unit $18k/yr or rent both uunits and earn annual rental income $35 k/year, it's single parcel and very close to beautiful winchester city downtown, rt-7 and i-81 exit 315, less than 1 mile to vre+ commuter lot and on connecting interstate highways of many state va-md-wv-dc-tn-nj and 1 hour drive to capitol of nation, luray and shenadoh valley state park shenandoah university, hot downtown location and shopping centers, mall and restaurants. 45 minutes drive to leesburg and via freeway rt-7 to greenway. 267 toll road takes to tyson corner and dc metro area plus many wineries and historical palces ,close to martinsburg casino and shenandoah medical college and many industrial factories and car warehouses., nations head office of fema, amazons warehouses and track composite factory , also current management company is available to manage for investor, showing available for vacant unit and it’s identical units side by side (duplex) and renovated recently ,

beautiful 2 level townhome with 3 bedroom upstair with full size bathroom and living -dining kitchen on main floor with 1/2 bath, recently installed new waterproof lamination floor. freshly painted., baseboard heat, and four to five economical window ac. and huge backyard with bbq little deck area and spacious front yard with 2 car parking concrete pads for each unit.
it’s duplex where each corner unit offered at 199,000, price , total $398k for these two units

tenants pays water, sewage, trash, renter's insurance, gas, electric, internet and grass cut

while landlord pays pest control, ($360/annum), property tax ($1123 per unit =$2246 and property insurance $650 and average repairs and maintenance $1745/annum for both units

landlords income $36,000 and expenses are about $5000
net income after all expenses are $31,000 per year

  • Property Type

    Residential

  • Subdivision

    Madison Terrace

  • County

    WINCHESTER CITY

  • Style

    Colonial

  • AD ID

    46489354

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Property Details

  • Bedroom Information

    • Total Bedrooms : 3
    • Master Bedroom Level: 0
    • Total Bedroom (Upper): 3
    • Bedroom Upper Level 1: 3

    Bathroom Information

    • Total Baths: 2
    • Full Baths: 1
    • Half Baths: 1

    Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Deck(s),Porch(es)

    Interior Features

    • Attic,Dining Area,Floor Plan - Traditional
    • Roof : Shingle
    • Exterior Property Features : Exterior Lighting,Play Area,Satellite Dish,Sidewalks
    • Property Amenities: None
    • Property Appliances: Washer/Dryer Hookups Only,Refrigerator,Stove,Exhaust Fan,Water Heater

    Roofing Information

    • Shingle

    Heating & Cooling

    • Cooling: Attic Fan
    • Heating: Baseboard - Electric
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

    Window Information

    • Window Treatments: Double Hung

  • Building Information

    • Exterior Features: Exterior Lighting,Play Area,Satellite Dish,Sidewalks
    • Year Built: 1975
    • Structure: Twin/Semi-Detached
    • Fencing: Barbed Wire,Rear
    • Major Appliances: Washer/Dryer Hookups Only,Refrigerator,Stove,Exhaust Fan,Water Heater
    • New Construction: No
    • Total Floors: 2
    • Built: 1975
    • Construction Material: Combination,Brick
    • Amenities: None
    • Roof: Shingle
    • Foundation/Basement: Concrete Perimeter,Crawl Space,Brick/Mortar
    • Architecture: Colonial
    • Pool/Private: No Pool
    • Roof Type: Shingle

    Exterior Features

    • Utilities: Phone Available,Water Available,Electric Available,Cable TV Available

    Pool Information

    • Pool: No Pool

    Amenities

    • None

    Utility Features

    • Sewer: Public Septic

    Fencing

    • Barbed Wire,Rear

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 9,148
    • Dimensions: 44 X 80
    • Lot Size (Acres): 0.21
    • Architectural Style: Colonial
    • Stories Total: 2
    • Main Square Feet: 9,148

    Property Information

    • SQ ft: 2,284
    • SQ ft (Living Area): 2,284
    • Total Lot SQ ft: 9,148
    • View: City,Garden/Lawn,Trees/Woods
    • Subdivision: MADISON TERRACE
    • Financing: VHDA,FHA,Conventional,Cash,FHA 203(b),FHA 203(k),FNMA,FHVA,Lease Purchase,USDA
    • Appx. Lot Dimensions: 44 X 80
    • Total Acreage: 0.21
    • New Construction: No
    • Type: Colonial

  • Listing Information

    • Possession: 0-30 Days CD,Pre-Settlement,Immediate,Settlement
    • Common/Club Amenities: None
    • Days Of Market: 65

    Lease Information

    • Lease Considered: Yes

  • Tax Information

    • Annual Tax: $2,214
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Semi-Annually

    Possession

    • 0-30 Days CD,Pre-Settlement,Immediate,Settlement

    Assessment Information

    • Taxes Assessment Amount: $444,000

  • Parking Information

    • Parking Type: Off Street,Driveway

    Multi-Unit Information

    • Acceptable Financing: VHDA,FHA,Conventional,Cash,FHA 203(b),FHA 203(k),FNMA,FHVA,Lease Purchase,USDA
    • Road Frontage Length: 44
    • Road Surface: Concrete,Black Top
    • Roof: Shingle

    Homeowners Association Information

    • Other Fee: $0
    • Direction: From Rt-7 Berryville Ave, make left ON ELM St, Left on Franklin St, 1008 to your left with driveway parking,From I-81 S Exit 315 winchester city, merge on Rt.7 (Berryville Ave) Follow above

  • School Information

    • Middle OR Junior School: DANIEL MORGAN
    • High School: JOHN HANDLEY
    • School District: WINCHESTER CITY PUBLIC SCHOOLS

    Utility Information

    • Phone Available,Water Available,Electric Available,Cable TV Available
    • Water Source: Public
    • Sewer: Public Septic
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Natural Gas

    Location Information

    • Location Type: Corner Lot/Unit
    • Direction: From Rt-7 Berryville Ave, make left ON ELM St, Left on Franklin St, 1008 to your left with driveway parking,From I-81 S Exit 315 winchester city, merge on Rt.7 (Berryville Ave) Follow above
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BuyOwner last updated this listing 11/17/2024 @ 09:26

  • MLS: VAWI2006106
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 3 bedrooms which is recently sold, it has 0 sqft, 9,148 sized lot, and 0 parking. are nearby neighborhoods.