386 Round Hill, Winchester, VA 22602 - Photo 1

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$499,000

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Multi-Family

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Property 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. 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. County master planning currently being studied for possible water extension. Contact Frederick County Planning to view master plans for the area.

Full Property Details

Full Property Details for 386 Round Hill

General

Price: $499,000
Taxes: $1,437 (2044)
Status: Active
Type: Multi-Family
Source: BrightMLSMidAtlantic
MLS ID: VAFV2020340
Updated: 1/8/2025
Added to Site: 219 day(s) ago

Interior

Appliances: Built-In Range, Refrigerator

Parking

Parking Type: Driveway

Location

County: Frederick
Driving Directions: Rt 50 west from Winchester, left on Round Hill Rd. On right about 3/4 mile from Rt 50

School Information

School District: Frederick County Public Schools

Heating & Cooling

Cooling Type: None
Heating Type: Baseboard - Electric
Heating Fuel: Electric
Water Heater: Electric

Utilities

Sewer: On Site Septic, Septic < # of BR
Water: Well
Utility Description: Above Ground, Cable TV

Structural Information

Architectural Info: Colonial, Dwelling with Rental
Architectural Style: Colonial, Dwelling with Rental
Structure Type: Detached
Construction: Vinyl Siding
Foundation: Crawl Space
Stories/Levels: 0
Square Feet: 2,736
Sq. Ft. Source: Assessor
Living Area: 2,736 Sq. Ft.
Year Built: 1950
Year Built Source: Assessor

Unit Information

Other Units: Unit 4
1 Bedroom Units: 1
2 Bedroom Units: 2
3 Bedroom Units: 1

Lot Features

Lot Size (Acres): 1.9
Lot Size (Sq. Ft.): 82,764
Lot Size Source: Estimated
Lot Features: Additional Lot(s), Backs to Trees, Front Yard, Irregular, Open, Partly Wooded, Rear Yard, Road Frontage
Zoning: RA
Lot Description: Additional Lot(s), Backs to Trees, Front Yard, Irregular, Open, Partly Wooded, Rear Yard, Road Frontage

Financial Considerations

Price Per Sq. Ft.: $182.38
Assessment Year: 2022
County Tax: $1,437
County Tax Freq: Semi-Annually
Tax w/Assessment: $235,500
Tax Amount: $1,437
Tax Year: 2044

Disclosures and Reports

Ownership: Fee Simple

Listed by MarketPlace REALTY, Roger Lamborne

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— 386 Round Hill —

Roger Lamborne

MarketPlace REALTY

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Schools

Schools serving 386 Round Hill

School District:Frederick County Public Schools, Winchester, VA

Name	Grades	Distance
Orchard View Elementary School 4275 Middle Rd, Winchester, VA 22602	K-5	4.6 mi
Frederick County Middle School 4661 N Frederick Pike, Winchester, VA 22603	6-8	5.7 mi
James Wood High School 161 Apple Pie Ridge Rd, Winchester, VA 22603	9-12	2.5 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 386 Round Hill Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/23/2024

Price Reduced

$499,000

-3.11%

MLS

7/13/2024

Listed

$515,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 386 Round Hill

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386 Round Hill, Winchester, VA 22602 (MLS# VAFV2020340) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 386 Round Hill is currently listed for $499,000 and was received on July 13, 2024. Want to learn more about 386 Round Hill? Do you have questions about finding other Multi-Family real estate for sale in Winchester? You can browse all Winchester real estate or contact a Coldwell Banker agent to request more information.

386 Round Hill Winchester, VA 22602