2978 Valley Avenue For Sale In Winchester, VA for $451,000
Sold Date7/17/2023
CLOSED
2978 Valley Avenue, Winchester, Virginia VA22601-2612
Listing IDVAWI2003168
2,303
SqFt
0.430
Acres
$591,480
This property is one of a portfolio of 12 residential and investment properties being sold at auction online ending on March 23d 2023 at 7:00 pm. The successful bidder on this property shall be required to execute a contract of sale with a $15,000 deposit on the purchase, settlement within 45 days of auction end.
****See Documents for Purchase Contract and Disclosure Documents****
****Unit 2980 Valley Avenue is obligated to a lease that is more than month to month****
This property located on busy high traffic Valley Avenue & Armour Dale and is between Rubbermaid & Wards Plaza. almost directly across from Subaru of Winchester & Super 6 Hotel. This property is one of a very few residential properties still on Valley Ave. With 7 rented units support a rental income of $4,385 monthly. This property with its GREAT LOCATION could possibly be rezoned commercial with lots of growth opportunities. Property currently has a small cottage with longer term tenant, larger building with 2 units. Included in this property are 3 mobile homes that are owned & one mobile home that pays a lot rent of $280 monthly.
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