525-527 Gray Ave Apartments | 525 Gray Ave
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525-527 Gray Ave Apartments 525 Gray Ave
12 Unit Apartment Building $4,338,053 CAD ($361,504 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,338,053 CAD | Building Class | B |
| Price Per Unit | $361,504 CAD | 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 | $4,338,053 CAD |
| Price Per Unit | $361,504 CAD |
| 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 | $2,242 CAD | 920 |
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PROPERTY TAXES
| Parcel Number | 174-10-7A | Total Assessment | $1,701,354 CAD |
| Land Assessment | $254,432 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,446,921 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
174-10-7A
Land Assessment
$254,432 CAD
Improvements Assessment
$1,446,921 CAD
Total Assessment
$1,701,354 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/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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