Description
Excellent investor opportunity to own 2 adjacent income producing detached homes sold in a special package deal with a total of 4 rental spaces in both homes. Sellers will consider short term owner financing of 402 Round Hill but not 386. Properties sold together on one contract. Or, you could live in 402 Round Hill and just rent the 3 units at 386 Round Hill. Tenants pay utilities. Total combined monthly rent is $3665 with a seller calculated CAP rate of 6.5%. 386 Round Hill on the right with 3 units is about 2736 square feet containing 2 units on the main level and one unit on 2nd floor. New carpet in upper unit #3. 402 Round Hill is a 2 bedroom, one bath detached bungalow with about 1008 sq feet. Each house has it's own separate well and septic. All units include range and refrigerators and 3 units with laundry hook ups. Each unit has separate outside entrance and individual electric meters. Comcast available for TV and Internet. Ideal location just west of the city limits off Rt 50, minutes from Winchester Medical Center, Wal-Mart, numerous restaurants and businesses. County master planning currently being studied for possible water extension. Contact Frederick County Planning to view master plans for the area.
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3BEDS
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1.9ACRES
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1BATHS
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01/2 BATHS
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2,736SQFT
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$182$/SQFT
Description
Excellent investor opportunity to own 2 adjacent income producing detached homes sold in a special package deal with a total of 4 rental spaces in both homes. Sellers will consider short term owner financing of 402 Round Hill but not 386. Properties sold together on one contract. Or, you could live in 402 Round Hill and just rent the 3 units at 386 Round Hill. Tenants pay utilities. Total combined monthly rent is $3665 with a seller calculated CAP rate of 6.5%. 386 Round Hill on the right with 3 units is about 2736 square feet containing 2 units on the main level and one unit on 2nd floor. New carpet in upper unit #3. 402 Round Hill is a 2 bedroom, one bath detached bungalow with about 1008 sq feet. Each house has it's own separate well and septic. All units include range and refrigerators and 3 units with laundry hook ups. Each unit has separate outside entrance and individual electric meters. Comcast available for TV and Internet. Ideal location just west of the city limits off Rt 50, minutes from Winchester Medical Center, Wal-Mart, numerous restaurants and businesses. County master planning currently being studied for possible water extension. Contact Frederick County Planning to view master plans for the area.
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