1006 & 1008 FRANKLIN ST Winchester, VA 22601
UPDATED:
10/24/2024 07:01 PM
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 2,284 sqft
Price per Sqft $78
Subdivision Madison Terrace
MLS Listing ID VAWI2006106
Style Colonial
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 2,284
Originating Board BRIGHT
Year Built 1975
Annual Tax Amount $2,214
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 44 X 80
Property Description
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
Location
State VA
County Winchester City
Zoning R12
Direction Northeast
Rooms
Other Rooms Living Room, Dining Room, Bedroom 2, Bedroom 4, Bedroom 5, Kitchen, Bedroom 1, Laundry, Bedroom 6, Bathroom 3
Interior
Interior Features Attic, Dining Area, Floor Plan - Traditional
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Attic Fan
Flooring Ceramic Tile, Laminated, Vinyl
Inclusions Driveway concrete pads for two cars in the front of the house for each unit
Equipment Washer/Dryer Hookups Only, Refrigerator, Stove, Exhaust Fan, Water Heater
Furnishings No
Fireplace N
Window Features Double Hung
Appliance Washer/Dryer Hookups Only, Refrigerator, Stove, Exhaust Fan, Water Heater
Heat Source Electric
Exterior
Exterior Feature Deck(s), Porch(es)
Fence Barbed Wire, Rear
Utilities Available Phone Available, Water Available, Electric Available, Cable TV Available
Amenities Available None
Waterfront N
Water Access N
View City, Garden/Lawn, Trees/Woods
Roof Type Shingle
Street Surface Concrete,Black Top
Accessibility 32\"+ wide Doors
Porch Deck(s), Porch(es)
Road Frontage City/County
Parking Type Off Street, Driveway
Garage N
Building
Lot Description Additional Lot(s), Backs - Open Common Area, Backs to Trees
Story 2
Foundation Concrete Perimeter, Crawl Space, Brick/Mortar
Sewer Public Septic
Water Public
Architectural Style Colonial
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
Middle Schools Daniel Morgan
High Schools John Handley
School District Winchester City Public Schools
Others
Pets Allowed Y
HOA Fee Include None
Senior Community No
Tax ID 196-10- - 19-
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing VHDA, FHA, Conventional, Cash, FHA 203(b), FHA 203(k), FNMA, FHVA, Lease Purchase, USDA
Horse Property N
Listing Terms VHDA, FHA, Conventional, Cash, FHA 203(b), FHA 203(k), FNMA, FHVA, Lease Purchase, USDA
Financing VHDA,FHA,Conventional,Cash,FHA 203(b),FHA 203(k),FNMA,FHVA,Lease Purchase,USDA
Special Listing Condition Standard
Pets Description Case by Case Basis
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