525-527 Gray Ave Apartments | 525 Gray Ave
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525-527 Gray Ave Apartments 525 Gray Ave
12 Unit Apartment Building $2,999,000 ($249,917/Unit) 6.59% Cap Rate Winchester, VA 22601
Investment Highlights
- Opportunity Zone
- Sought after inner city rental market
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,999,000 | Building Class | B |
| Price Per Unit | $249,917 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 11,000 SF |
| Cap Rate | 6.59% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome |
| Price | $2,999,000 |
| Price Per Unit | $249,917 |
| Sale Type | Investment |
| Cap Rate | 6.59% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.50 AC |
| Building Size | 11,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2024 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Picnic Area
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,550 | 920 |
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PROPERTY TAXES
| Parcel Number | 174-10-7A | Total Assessment | $1,170,200 |
| Land Assessment | $175,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $995,200 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
174-10-7A
Land Assessment
$175,000
Improvements Assessment
$995,200
Total Assessment
$1,170,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | hr-1 (typically designates areas intended for high-density residential development) |
| hr-1 (typically designates areas intended for high-density residential development) |
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525-527 Gray Ave Apartments | 525 Gray Ave
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