In town location for this completely remodeled multi unit property. This property contains 4 homes and 2 apartments that have been completely refinished. The main home is currently lived in by the owner and is attached to a indoor swimming pool. The other 3 homes and 2 apartments are leased and are bringing over$10,500 monthly. If you choose rent the main house income would be much higher. . This property is also improved with large block garage and a separate 4 car garage with over 18' ceilings. Perfect for the automotive enthusiast or you can continue to rent.
Open house is this Sat (3/1) 1-3pm & Sun (3/2) 11am-3pm Amazing multifamily duplex (Cash-Machine) for sale in a prime location in Winchester City. Super Convenient location! Less than half a mile from the Old town Winchester historic walking mall. Large back yard with off street parking in the back accessible from Kern Ln. Combined rents of $40,380 a year with potential to push to $43,200. This is perfect for a house-hacker, first time investor or a seasoned investor looking to expand their portfolio. Looking to place 1031 funds somewhere? This may be the perfect spot! Seller will consider owner financing at an interest rate as low as 4.875%. See details below. On the second level of this duplex is a 3 bed, 1 bath unit that was just renovated in Jan 2025 with new Luxury Vinyl Plank flooring, new paint and an updated bathroom. Seller is planning to leave this unit vacant for 2 weeks so that we can show it to interested buyers. Available to show now. This will be on the market to rent for $1800 a month. If you accept section 8 or housing vouchers then you have potential to increase it even more. The HUD FMR for 3 bedrooms were just updated to $1952/mo in this area. On the main level is a 2 bed, 1 bath unit that was fully renovated in 2021 with new LVP and amazingly refinished hardwood floors, brand new bathroom, all new paint and stainless kitchen appliances. Great long term tenant renting through Dec 2027! She said she hopes to stay there forever if possible! Current rent is $1565/mo with an 5% increase each year. Photos shown for this unit are from before existing tenant moved in. No showings available for this unit (please do not disturb tenant) however a $2700 Security deposit will be transferred to new owner at settlement for this lease. Financing options: 1. If you are looking to "House-Hack" you may qualify to buy this with 0-5% down using an FHA, VA or owner occupied conventional loan. Live in one of the units and have the tenant in the other unit help drastically reduce your mortgage payment! The current rental income may actually help you qualify for a higher mortgage than you normally would without it. Live there for a year or so, then move on to your next purchase...and guess what? You just purchased a cash-flowing rental property in an appreciating market for 0-5% down! That is unheard of! Result. Positive Cashflow and you start your path as a House-Hacking Jedi. Welcome Padawan.. 2. Or Rent out both sides and purchase with a 20-25% down conventional loan through a traditional lender based on your debt to income. Result. Positive Cashflow! 3. Don't want a loan based on your debt to income? We have great investment lenders who can help you purchase this with 20-25% down based on the rental income of the property alone! These loans are amazing! Your income does not matter. You purchase in an LLC, not in your name, and the loans typically do not show up on your personal credit report! Result. Positive Cashflow And you dip your toe into a galaxy of endless opportunities that 99% of investors don't event know about. Welcome Captain Kirk.. 4. Creative financing: Seller Financing/ Owner Financing wrap. The price for this option is $472k. Have at least 35% down? If so the seller would entertain seller financing at below market interest rates. 35% down gets you a 6.5% interest rate, and 50% down gets you a 4.875% interest rate! 30 year amortization. No balloon payment. Result. Crazy Positive Cashflow AND you unplug from the Matrix completely. Welcome Neo.. 5. Cash Purchase? Yup, cash is still king. Seller is offering a buy it now price of $438k for a quick cash sale. Result. Uber Positive Cashflow!
Currently a single family home with a private “guest apartment”, but zoned multi-family with the potential for up to 4 units!! Nestled in the center of Winchester’s 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.
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.
For Sale – 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.
The median home value in Winchester, VA is $374,000. This is higher than the county median home value of $292,200. The national median home value is $338,100. The average price of homes sold in Winchester, VA is $374,000. Approximately 40.66% of Winchester homes are owned, compared to 49.15% rented, while 10.19% are vacant. Winchester real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Winchester real estate agent to arrange a tour today!
Winchester, Virginia 22601 has a population of 28,194. Winchester 22601 is more family-centric than the surrounding county with 28.16% 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 22601 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 22601 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.