102 McAlliff LN - 108, Moneta, VA 24121

$950,000

Property Type: MultiFamily Lot Size (sq. ft.): 312,761 Status: Closed

Current Price: $950,000 List Date: 8/07/2018 Last Modified: 9/22/2024

Overview

Description

Built in 1990, this 16 unit apartment community features four buildings with 4 x 2 BR/1 BA units in each. Each unit features a modern, open floor plan & includes a dishwasher, washer/dryer, eat-in kitchen, & private deck overlooking park-like setting. Located only 45 minutes from Roanoke & 35 minutes from Lynchburg, Smith Mountain Lake is the largest man-made lake in Virginia with 32 square miles of area & over 500 miles of shoreline. Boasting over twelve private marinas & 4 golf courses, the area is a popular tourist destination & bedroom community for surrounding areas. Electric metered separately. Owner pays trash & exterior lighting. Water/Sewer is on private well/septic. Ample parking. Currently 100% occupied with established tenants paying $575 and newer tenants paying $625

Listing Details MLS# 851223

Location, Tax & Legal

Area: 0600 - Bedford County
Street Number: 102
Street Name: McAlliff
Street Suffix: LN
State/Province: VA
Zip Code: 24121
Subdivision: Wedgewood
Municipality: Bedford County
Elementary School: Moneta
Middle School: Staunton River
High School: Staunton River

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1990
Present Use: Built-As
Number of Units: 16
# Unfurnished: 16
# Leased Units: 16
Gross Bldg SQFT: 15040
Lot Dimensions: Irregular
Total Acreage: 7.18
Basement Y/N: No
Parking Description: Private (10 or More)
Operating Expense: 30186
Net Operating Income: 78114
Gross Income: 114000
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2018-09-18
Sold Date: 2019-04-03

Expenses

Management Exp: 8664
Maintenance Exp: 10830
Tax Exp: 5032
Insurance Exp: 3910
Other Exp: 1750

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick; Vinyl; Wood Basement: Slab Heating: Heat Pump Electric Cooling: Heat Pump Electric Water Description: Private Well Sewer Description: Private Septic Water Heater Type: Tank Water Heater Energy: Electric Owner Expenses: Lawn Care; Trash Disposal; Other - See Remarks Tenant Expenses: Electricity; Other - See Remarks

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: September - 22 - 2024

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