Description
Excellent investor opportunity to own 2 adjacent "fully rented " income producing detached homes sold in a special package deal with a total of 4 rental spaces in both homes. 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 $3120 with a seller calculated CAP rate of 6.15% based on this price. 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. Apart 1 is 2 bedrooms rented till 4/1/24, Apart 2 is 3 bedrooms, tenancy ends 4/30/24, Unit 3 upstairs is 1 bedroom, Mo/Mo tenancy. 402 Round Hill is a 2 bedroom, one bath detached bungalow with about 1008 sq feet, single tenant, 1 year tenancy ends 6-30-24. Each house has it's own separate well and septic system. All units include range and refrigerators and laundry hook ups. Each unit has separate outside entrance and individual electric meters. Need 24 hour notice to arrange showings with the 4 tenants. 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.
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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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$188$/SQFT
Description
Excellent investor opportunity to own 2 adjacent "fully rented " income producing detached homes sold in a special package deal with a total of 4 rental spaces in both homes. 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 $3120 with a seller calculated CAP rate of 6.15% based on this price. 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. Apart 1 is 2 bedrooms rented till 4/1/24, Apart 2 is 3 bedrooms, tenancy ends 4/30/24, Unit 3 upstairs is 1 bedroom, Mo/Mo tenancy. 402 Round Hill is a 2 bedroom, one bath detached bungalow with about 1008 sq feet, single tenant, 1 year tenancy ends 6-30-24. Each house has it's own separate well and septic system. All units include range and refrigerators and laundry hook ups. Each unit has separate outside entrance and individual electric meters. Need 24 hour notice to arrange showings with the 4 tenants. 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.
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