525 Gray Ave - Apartments FOR SALE


Winchester, VA 22601- Downtown Winchester
$2,900,000 USD
703-209-5080
525 Gray Ave, Winchester, VA for Sale
$2,900,000 USD
Apartments - FOR SALE
1/15
null | 6.82% Cap Rate

525 Gray Ave
Winchester, VA 22601
Downtown Winchester


HIGHLIGHTS

  • Opportunity Zone
  • Sought after inner city rental market

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

12

PRICE/UNIT

$241,667

CAP RATE

6.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

525-527 Gray Ave Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

hr-1

APN/PARCEL ID

174-10-7A

ASK ABOUT THIS PROPERTY

Joshua JenkinsSamson PropertiesMore Info
703-209-5080

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Joshua JenkinsSamson PropertiesMore Info
703-209-5080

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.