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Gray Ave Apartments
Multifamily 2 Buildings 12 townhouse units
Listing Contacts
License: MD 676421, VA 0226021529
Active
Asking Price: $2,999,000
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Address
525-527 Gray Ave, Winchester, VA 22601
Show on MapDate Added
Aug 19, 2024
Days on Market
219 days
Time Since Last Update
27 days
Details
Property TypeMultifamily
SubtypeApartment Building
Investment TypeSale/Leaseback
ClassB
Square Footage11,000
Price/Sq Ft$272.64
Cap Rate6.59%
Occupancy100%
NOI$197,700
Units12
Year Built1985
Year Renovated2023-2024
Buildings2
Stories2
Lot Size (acres)0.5
Parking (spaces)24
Broker Co-OpYes
APN174-10- - 7A-
Price/Unit$249,916.67
OwnershipFee Simple
Marketing Description
Included in this sale are 2 buildings with 6 townhouse units each. The buildings exteriors have new windows, doors, siding, fencing, and paved parking. Each unit is comprised of 2 bedrooms and 1.5 baths. 11 of the units have been fully updated throughout. New additions included but not limited to hvac, washer dryer hook ups, new hot water heaters, and LVP . Currently running at full occupancy with all tenants in good standing.
Investment Highlights
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100% occupancy.
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New siding, windows and door.
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11 fully updated units.
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Newly paved parking lot with 24 parking spots
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Close to the heart of downtown Winchester
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Located in Winchesters Opportunity zone
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,700.00
$16,475.00/mo
Valuation Metrics
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0
DSCR
6.59%
Cap Rate
6.59%
ROI
Property History
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Due Diligence
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Listing Contacts
- License: MD 676421, VA 0226021529
Schedule a Tour
In Person
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Broker Information
Broker Information
Broker Name
Joshua Jenkins
Broker License
VA 0226021529
Brokerage Name
Samson Properties
Broker Title
Associate Broker
Brokerage Address
Chantilly, United States 20151
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