1006 & 1008 FRANKLIN STREET, WINCHESTER, VA 22601

bedrooms 3
bathrooms 2
|Townhouse
THB ฿5,932,286
USD $179,000
Published on: 10 Aug 2024
Last updated on: 17 Oct 2024
1006 & 1008 FRANKLIN STREET, WINCHESTER, VA 22601
1006 & 1008 FRANKLIN STREET, WINCHESTER, VA 22601
1006 & 1008 FRANKLIN STREET, WINCHESTER, VA 22601
+49
1006 & 1008 FRANKLIN STREET, WINCHESTER, VA 22601
  • 49
Property ID: 110093765260
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Twin/Semi-detached, Colonial - WINCHESTER, VA

1006 & 1008 FRANKLIN STREET, WINCHESTER, VA 22601
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 Details

Basic Info

Property Type
Townhouse
Listing Status
Pending
Land Size
849.84 m2
Building Size
212.19 m2
Year Built
1975
Rooms
3 bedroom(s), 2 bathroom(s)
Architecture Style
Colonial
County
WINCHESTER CITY
Provider
First American Real Estate
Subdivision
Madison Terrace
Brokerage Office Name
First American Real Estate
Brokerage Office Phone
(703) 506-1003
Address
1006 & 1008 FRANKLIN STREET, WINCHESTER, VA 22601

Nearby Schools

TypeSchool nameDistrict name
ElementaryNot availableWINCHESTER CITY PUBLIC SCHOOLS
HighJOHN HANDLEYWINCHESTER CITY PUBLIC SCHOOLS
JuniorhighDANIEL MORGANWINCHESTER CITY PUBLIC SCHOOLS
MiddleDANIEL MORGANWINCHESTER CITY PUBLIC SCHOOLS
Contact Agent
Ramesh Beladia
First American Real Estate
3900 JERMANTOWN ROAD, FAIRFAX, VA 22030
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Ramesh Beladia
3900 JERMANTOWN ROAD, FAIRFAX, VA 22030
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      Property ID: 110093765260

      Data provided by First American Real Estate, MLS #: VAWI2006106
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