Woodstock Terrace Apartments Multi-Family FOR SALE


Winchester, VA
$5,200,000 USD
540-247-6426
, Winchester, VA for Sale
$5,200,000 USD
Multi-Family - FOR SALE
1/15
null | 6.23% Cap Rate

Woodstock Terrace Apartments
Winchester, VA


HIGHLIGHTS

  • Easily maintained 100% occupancy
  • Sought after Winchester Virginia Market
  • Rents are currently below market

OVERVIEW

This 24-unit multifamily asset represents a classic value-add opportunity within a high-demand rental submarket. Comprising entirely of identical 2-bedroom, 1-bathroom floor plans, the property offers operational simplicity, streamlined maintenance, and significant economies of scale. As a Class C property, the asset features durable, low-maintenance finishes and stable, long-term occupancy. It is ideally positioned to cater to the area’s workforce housing demographic, providing a resilient tenant base and consistent cash flow. Key Highlights 100% Floor Plan Uniformity: The identical 2BR/1BA layout across all 24 units drastically reduces turnover costs, standardizes turn materials (flooring, paint, appliances), and simplifies property management. Proven Value-Add Potential: Current rents sit below market averages. A programmatic interior renovation strategy—updating flooring, installing modern fixtures, and refreshing cabinetry—will allow a new owner to capture immediate rental upside. Strong Workforce Housing Demand: Situated near major employment hubs, public transit, and essential retail, this property meets the critical demand for affordable, functional family housing.24 apartment units located within 2 buildings. Lots of upgrades made within the last few years to include siding, paving, HVAC, flooring etc., Assumable loan is in place $2,670.000 at 5.88%. Owner will possibly hold a note for 20% to very qualified buyers.

ASK ABOUT THIS PROPERTY

Meridee PowarsLink Realty ServicesMore Info
540-247-6426

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

Meridee PowarsLink Realty ServicesMore Info
540-247-6426

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