220 W O St, Purcellville, VA 20132

Description

***Price Reduction for Excellent Opportunity in Purcellville!***Historic Charm...Modern Comfort...Walk to Everything! This beautifully renovated 100-plus-year-old home blends the character and charm of yesteryear with the modern comforts you want today. Set on a quiet street just one-half block from Old Town Purcellville and the end of the W&OD Trail, it offers the rare combination of historic appeal, generous living space, modern updates, and exceptional walkability. The open living and dining rooms are filled with natural light, while the kitchen benefits from windows that are only a few years old. The main level includes a spacious primary suite, including an updated primary bathroom and a roomy office, offering convenient one-level living. Upstairs, four additional bedrooms and two full baths provide plenty of space for family, guests, or flexible use. An enclosed porch overlooks the expansive backyard, which includes a detached garage and ample room for play, entertaining, or future possibilities. The enclosed porch also includes a storage room or pantry, and the brand-new deck adds even more outdoor living space. The lower level provides utilities and additional storage potential. Recent improvements include a new HVAC system and water heater in 2025 and a remodeled primary bath in 2024. Just steps from Old Town Purcellville, the home is close to local shops and restaurants, weekend events, the LoCo Ale Trail, Cannons baseball, Tabernacle roller rink, and the W&OD Trail. The surrounding area also offers easy access to Northern Virginia’s wine country and a wide range of outdoor and recreational attractions. *** Investors, the property is currently operated as a VRBO, with approximately 70 percent of the home rented at rates of approximately $550 per night. A whole-house rental may support rates of approximately $700 per-night range with projected occupancy averaging 50 percent annually, potentially producing a CAP rate in the teens. Another possibility would be to reconvert the home to its original duplex configuration and rent both sides. Contact the listing agent for additional analysis, but Buyers must conduct their own analysis and due diligence. *** Whether purchased as a primary residence, second home, or investment property, 220 W. O Street offers an exceptional combination of historic character, modern updates, flexible living space, outdoor amenities, and an unbeatable Old Town Purcellville location.