525 N CAMERON ST, WINCHESTER,VA 22601

Looking to drastically reduce your living expenses? You should HOUSE HACK! This is the perfect property to do that. It is a duplex with one unit rented. You can live in the other have have the tenant slash your mortgage payment in half or more!

Amazing multifamily duplex (Cash-Machine) for sale in a prime location in Winchester City. Super Convenient location! Less than half a mile from the Old town Winchester historic walking mall. Large back yard with off street parking in the back accessible from Kern Ln. Combined rents when both units are rented is approx $40,380 a year with potential to push to $43,200. This is perfect for a house-hacker, first time investor or a seasoned investor looking to expand their portfolio. Looking to place 1031 funds somewhere? This may be the perfect spot! Seller will consider owner financing at an interest rate as low as 4.875%. See details below.

On the second level of this duplex is a 3 bed, 1 bath unit that was just renovated in Jan 2025 with new Luxury Vinyl Plank flooring, new paint and an updated bathroom. Seller is planning to leave this unit vacant for 2 weeks so that we can show it to interested buyers. Available to show now. This will be on the market to rent for $1800 a month. If you accept section 8 or housing vouchers then you have potential to increase it even more. The HUD FMR for 3 bedrooms were just updated to $1952/mo in this area.

On the main level is a 2 bed, 1 bath unit that was fully renovated in 2021 with new LVP and amazingly refinished hardwood floors, brand new bathroom, all new paint and stainless kitchen appliances. Great long term tenant renting through Dec 2027! She said she hopes to stay there forever if possible! Current rent is $1565/mo with an 5% increase each year. Photos shown for this unit are from before existing tenant moved in. No showings available for this unit (please do not disturb tenant) however a $2700 Security deposit will be transferred to new owner at settlement for this lease.

Both units have their own laundry hook up.

Financing options:
1. If you are looking to “House-Hack” you may qualify to buy this with 0-5% down using an FHA, VA or owner occupied conventional loan. Live in one of the units and have the tenant in the other unit help drastically reduce your mortgage payment! The current rental income may actually help you qualify for a higher mortgage than you normally would without it. Live there for a year or so, then move on to your next purchase…and guess what? You just purchased a cash-flowing rental property in an appreciating market for 0-5% down! That is unheard of! Result. Positive Cashflow and you start your path as a House-Hacking Jedi. Welcome Padawan..

2. Or Rent out both sides and purchase with a 20-25% down conventional loan through a traditional lender based on your debt to income. Result. Positive Cashflow!

3. Don’t want a loan based on your debt to income? We have great investment lenders who can help you purchase this with 20-25% down based on the rental income of the property alone! These loans are amazing! Your income does not matter. You purchase in an LLC, not in your name, and the loans typically do not show up on your personal credit report! Result. Positive Cashflow And you dip your toe into a galaxy of endless opportunities that 99% of investors don’t event know about. Welcome Captain Kirk..

4. Creative financing: Seller Financing/ Owner Financing wrap. The price for this option is $472k. Have at least 35% down? If so the seller would entertain seller financing at below market interest rates. 35% down gets you a 6.5% interest rate, and 50% down gets you a 4.875% interest rate! 30 year amortization. No balloon payment. Result. Crazy Positive Cashflow AND you unplug from the Matrix completely. Welcome Neo..

5. Cash Purchase? Yup, cash is still king. Seller is offering a buy it now price of $438k for a quick cash sale. Result. Uber Positive Cashflow!