Winchester, VA 22601,1006 & 1008 FRANKLIN ST
Winchester, VA 22601,1006 & 1008 FRANKLIN ST
Winchester, VA 22601,1006 & 1008 FRANKLIN ST
Winchester, VA 22601,1006 & 1008 FRANKLIN ST
Winchester, VA 22601,1006 & 1008 FRANKLIN ST
Winchester, VA 22601,1006 & 1008 FRANKLIN ST
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$350,000

$350,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

3 Beds

2 Baths

2,284 SqFt


SOLD DATE : 11/15/2024

Key Details

Sold Price $350,000

Property Type Single Family Home

Sub Type Twin/Semi-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,284 sqft

Price per Sqft $153

Subdivision Madison Terrace

MLS Listing ID VAWI2006106

Sold Date 11/15/24

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

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

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

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

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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Bright MLS (BMLS)
Listed by Ramesh Beladia • First American Real Estate
Bought with Anna Mari Fox • NextHome Realty Select
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1521 Concord Pike, Suite 102, Wilmington, DE, 19803, United States

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