1006 & 1008 Franklin St Winchester, VA 22601
3
Beds
1.5
Baths
2,284
Sq Ft
9,148
Sq Ft Lot
Highlights
- City View
- Deck
- Backs to Trees or Woods
- Colonial Architecture
- Traditional Floor Plan
- Attic
About This Home
As of November 2024Back 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
Last Agent to Sell the Property
First American Real Estate License #0225197974 Listed on: 08/03/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,214
Year Built
- Built in 1975 | Remodeled in 2023
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 44 x 80
- Backs To Open Common Area
- Northeast Facing Home
- Barbed Wire
- Back Yard Fenced
- Backs to Trees or Woods
- Additional Land
- One parcel with two units Duplex
- Historic Home
- Property is in very good condition
Property Views
- City
- Woods
- Garden
Home Design
- Semi-Detached or Twin Home
- Colonial Architecture
- Brick Exterior Construction
- Brick Foundation
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,284 Sq Ft Home
- Property has 2 Levels
- Traditional Floor Plan
- Double Hung Windows
- French Doors
- Living Room
- Dining Room
- Crawl Space
- Attic Fan
- Stove
Flooring
- Laminate
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry Room
- Washer and Dryer Hookup
Parking
- Driveway
- Off-Street Parking
Accessible Home Design
- Doors are 32 inches wide or more
Outdoor Features
- Deck
- Exterior Lighting
- Playground
- Porch
Schools
- Daniel Morgan Middle School
- John Handley High School
Utilities
- Vented Exhaust Fan
- Electric Baseboard Heater
- 220 Volts
- 110 Volts
- Natural Gas Water Heater
- Municipal Trash
- Public Septic
- Phone Available
- Satellite Dish
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 196-10- - 19-
Community Details
Overview
- No Home Owners Association
- Madison Terrace Subdivision, Duplex Floorplan
- Property Manager
Pet Policy
- Pets allowed on a case-by-case basis
Similar Homes in Winchester, VA
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/17/2024 11/17/24 | Price Changed | $350,000 | 0.0% | $153 / Sq Ft |
| 11/15/2024 11/15/24 | Sold | $350,000 | +95.5% | $153 / Sq Ft |
| 10/23/2024 10/23/24 | Pending | -- | -- | -- |
| 10/07/2024 10/07/24 | Price Changed | $179,000 | -5.3% | $78 / Sq Ft |
| 09/11/2024 09/11/24 | Price Changed | $189,000 | -5.0% | $83 / Sq Ft |
| 08/14/2024 08/14/24 | Price Changed | $199,000 | -53.1% | $87 / Sq Ft |
| 08/09/2024 08/09/24 | For Sale | $424,000 | 0.0% | $186 / Sq Ft |
| 08/04/2024 08/04/24 | Off Market | $424,000 | -- | -- |
| 08/03/2024 08/03/24 | For Sale | $424,000 | -- | $186 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2024
Ram Beladia
First American Real Estate
(703) 597-6540
1 in this area
8 Total Sales
-
Buyer's Agent in 2024
Anna Fox
NextHome Realty Select
(540) 303-1292
49 in this area
124 Total Sales
Map
Source: Bright MLS
MLS Number: VAWI2006106
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