$405,000
$425,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
2,867 SqFt
SOLD DATE : 04/22/2022
Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,867 sqft
Price per Sqft $141
MLS Listing ID VAWI2001458
Sold Date 04/22/22
Style Converted Dwelling
Abv Grd Liv Area 2,867
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $1,669
Tax Year 2021
Lot Size 3,615 Sqft
Acres 0.08
Property Description
Investment opportunity! Existing three (3) unit multi-family property in prime location in downtown Winchester VA. Property is within 3 blocks and visible to the Old Town walking mall.
Winchester is the fastest growing metropolitan statistical area (MSA) in all of Virginia with a solid and proven growth rate at 1.6% per year over the last decade.
Rental unit scarcity provides for very stable demand. Market potential supports this Purchase Price with long term occupancy performance. 2,867 SF of finished dwelling units.
Property is zoned Residential-Business (RB-1) within the Historic Winchester (HW) overlay district.
Ideal small scale 1031 exchange candidate.
Location
State VA
County Winchester City
Zoning RB1
Interior
Hot Water Other
Heating Hot Water
Cooling Other
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Converted Dwelling
Additional Building Above Grade
New Construction N
Schools
School District Winchester City Public Schools
Others
Tax ID 193-01-J- 3-
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Brock M Harris • Pearson Smith Realty, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
tyronetoneytherealtor@gmail.com
4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States