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12020 Winfree St 4 Unit Apartment Building $650,000 ($162,500/Unit) 7.50% Cap Rate Chester, VA 23831
Investment Highlights
- Income-Producing Investment Property
- Opportunity to Subdivide
- Close to Shopping and interstate Access
- Opportunity to Add Value
- Growing Chester Market
Executive Summary
4-Unit Renovated and Fully Occupied Multi-Family Investment Opportunity with a large, subdividable lot to build a SF home, conveniently located in a suburban neighborhood, just off Rt 10 W. Hundred Rd, at Thomas Dale High School, close to Chester Village, YMCA, national retail stores and apr 2.5mi to I-95, I-64 and Rt 288 access. Apartments are open, with hardwood floors, tall ceilings, modern kitchens and baths. There are (3) 2-bedroom units and (1) 1-bedroom unit, with separate electric meters and furnaces. NOI is apr $4,000/mon for 7.5% cap rate.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| 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 (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $162,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 7.50% | Building Size | 2,500 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | R7 - R7 Semi-Urban Neighborhood Zoning allows 2 lots. 2nd lot can accomodate SF house by-right | ||
| Price | $650,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 2,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1915 |
| Zoning | R7 - R7 Semi-Urban Neighborhood Zoning allows 2 lots. 2nd lot can accomodate SF house by-right |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,250 | 600 - 750 |
| 1+1 | 1 | $1,075 | 600 |
1 1
Property Taxes
| Parcel Number | 790-65-54-60-400-000 | Total Assessment | $338,800 (2025) |
| Land Assessment | $71,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $267,800 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
790-65-54-60-400-000
Land Assessment
$71,000 (2025)
Improvements Assessment
$267,800 (2025)
Total Assessment
$338,800 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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12020 Winfree St
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