6806 James Madison Highway
Warrenton, VA 20186
MLS #FQ10064770

Multi-Family
  • 37units
  • 27.4acres
$2,750,000
Est. P&I payment: $10503.14/mo
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Description for 6806 James Madison Highway, Warrenton, VA 20186
Great opportunity to invest in a group of detached homes. 37 Units. Multiple Lots. 27.4 acres. The "Fletcherville" subdivision. Consists of 36 homes, 2 vacant lots and 1 commercial / restaurant building off James Madison HWY. Conveniently located 1.5 miles North of Warrenton. Homes are currently 95%+ leased and professionally managed.
MLS #FQ10064770
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My Notes for MLS #FQ10064770

General Features

  • Property Type: Multi-Family
  • Type: Detached
  • Year Built: 1930
  • Total Units: 37
  • Unit List: One Bedroom,​Two Bedroom,​Three Bedroom
  • One Bedroom Units: 4
  • Two Bedroom Units: 12
  • Three Bedroom Units: 22

Exterior Features

  • Exterior: Brick and Siding,​Concrete / Block,​Wood
  • Stories: 1
  • Handicap: None
  • Lot Description: Additional Lot(s)
  • Lot AreaAcre: 27.4
  • Lot Size Area: 1,193,544
  • Parking: Gravel Driveway
  • Water Front: N

Interior Features

  • Basement: N

Utilities Features

  • Cooling Fuel: Electric
  • Cooling: Window Unit(s)
  • Heating Fuel: Bottled Gas / Propane,​Oil
  • Heating: Baseboard,​Forced Air
  • Hot Water: Electric
  • Sewer Septic: Shared Septic
  • Water: Well - Shared

Financial Features

  • Tax Year: 2017
  • Total Assessment Payment Freq: Annually
  • Assessment Year: 2014
  • Property Net Operating Income: 189,903
  • Gross Income: 368,169
  • Expenses: 178,266
  • Monthly Gross Rent: 30,680.75
  • Vacancy Factor: 5
  • One Bedroom Avg Rent: 650
  • Two Bedroom Avg Rent: 865
  • Three Bedroom Avg Rent: 935

Community Features

School Features

  • Elementary School: C.M. BRADLEY
  • High School: FAUQUIER
  • Middle School: MARSHALL

Misc Features

  • Auction: N
  • Foreclosure: N
  • Potential Short Sale: No
  • Tenancy: 1 Year Lease(s)
  • New Construction: N
  • Zoning Code: CV

Location

 
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The listing information for 6806 James Madison Highway, Warrenton, VA 20186 was graciously provided by our friends at the listing brokerage, Wright Realty, Inc.

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P&I Payment $10503.14
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© 2017 Metropolitan Regional Information Systems (MRIS).
MRIS is the source of the listing information and listings are provided by various brokerages who participate in the MRIS IDX program. Listings provided by brokerages other than the owner of this website show the listing brokerage on the listing details page. This website is not an MLS nor does it represent the full data set of the MRIS Multiple Listing Service (MLS).
Last Updated 12/17/2017 at 11:36pm
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