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$499,000

Beds
3
Baths
1.0
sq ft
2,736

386 Round Hill Rd, Winchester, VA 22602

386 Round Hill Rd

WINCHESTER, VA 22602

  • 136 days on market
    • Price drop $16,000↓
Excellent investor opportunity to own 2 adjacent income producing detached homes sold in a special package deal with a total of 4 rental spaces in both homes. Properties sold together on one contract. Or, you could live in 402 Round Hill and just rent the 3 units at 386 Round Hill. Tenants pay utilities. Total combined monthly rent is $3570 with a seller calculated CAP rate of 6.7%. 386 Round Hill on the right with 3 units is about 2736 square feet containing 2 units on the main level and one unit on 2nd floor. New carpet being scheduled in upper unit. 402 Round Hill is a 2 bedroom, one bath detached bungalow with about 1008 sq feet, single tenant. Each house has it's own separate well and septic. All units include range and refrigerators and laundry hook ups. Each unit has separate outside entrance and individual electric meters. Need 24 hour notice to arrange showings with the 4 tenants. Comcast available for TV and Internet. Ideal location just west of the city limits off Rt 50, minutes from Winchester Medical Center, Wal-Mart, numerous restaurants and businesses.

Details

Property type

Single Family Residence

Est. home value

$508,938

Lot size

1.9 acres

Price per sq ft

$183

Year built

1950

Annual property taxes

$1,437

HOA

No

Price History

10/29/2024
Bright

Bright #VAFV2020286

Listed
$499,000
09/11/2024
Bright

Bright #VAFV2020286

Pending
$499,000
08/23/2024
Bright

Bright #VAFV2020286

Price change
$499,000
-3.11%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

FREDERICK COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

American Home Mortgage

Loan start date

August 2004

Original loan amount

$192,000

Est. remaining balance

Not provided

Interest rate

6.01%

Loan type

New Conventional

Seller

Ronald Kattas and Power,Brandon

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/25/2024 at 2:20 AM

Listing updated: 11/06/2024 at 3:49 PM

Listed by: Roger Lamborne, MarketPlace REALTY Phone #: (540) 450-2747

MLS: Bright #VAFV2020286

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