Fully occupied fourplex for sale. Excellent location walkable to downtown, with abundant parking directly across from the greenery of Handley High School. Two-story all brick building with 4 residential units, private balconies, and fenced-in yard. Each apartment individually metered and with dedicated washer/dryer. Fenced in yard + location across from Handley campus creates opportunity for additional pet-related income sources. Proven track record with history of 100% occupancy. Long-term tenant base with low turnover and rents under market. Immediate value-add through bringing rents closer in line with market in 2023. Well-maintained building with opportunities for additional value-add through light interior improvements. Portion of basement recently finished to add additional bed and bath -- potential opportunity to renovate remaining unfinished space for further value-add through creation of additional living or storage space. Winchester is a growing market 50 minutes west of Dulles Airport and 75 miles from Washington, D.C.
Moderate Residential Turnover