$29,900
129 N Magazine AVE
Covington, VA 24426
MLS# 857502



129 N. Magazine Ave.
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129 N. Magazine Ave. Rear View. Basement Apt. Entrance. Entry Level Living Room Entry level Kitchen Entry Level Bath Lower Level Kitchen Lower Level Bath

Property Description
Reasonably priced investment opportunity in the City of Covington. Duplex with entry level and basement apartment. The entry level apartment has 2-bedrooms, 1-remodeled bath, living room and kitchen. The basement apartment has 1-bedroom, 1-remodeled bath, kitchen and living room. The entry level apartment is presently rented. Schools: Covington High School, Jeter-Watson Intermediate School and Edgemont Primary School.

Details
Contract Information
Current Price: $24,000
Sold Price: $24,000
List Date: 2019-04-01
Status: Closed
General Property Description
Multi-Family Type: Duplex
Construction Status: Completed
Year Built: 1935
Number of Units: 2
# Unfurnished: 2
# Leased Units: 1
Gross Bldg SQFT: 1846
Lot Dimensions: 40 x 140=5600 SF
Total Acreage: 0.13
Basement Y/N: Yes
Basement: Full Basement
Parking Description: Street
# Vehicle Spaces: 2
Operating Expense: 2842
Net Operating Income: 7358
Gross Income: 10200
Water Class: N/A
Location, Legal & Taxes
Major Area: 26 - City of Covington
Area: 2600 - City of Covington
Street Number: 129
Street Direction Pfx: N
Street Name: Magazine
Street Suffix: AVE
State/Province: VA
Zip Code: 24426
Subdivision: N/A
Lot: N/A
Block: N/A
Section: N/A
Municipality: City of Covington
Tax ID: 11-153-8
Annual Taxes: 342
Zoning Code: R3
POA Y/N: No
Elementary School: Other - See Remarks
Middle School: Other - See Remarks
High School: Other - See Remarks
Remarks & Misc
SA Comp: 0.00
Directions: From the top of Town Hill follow Alleghany Avenue to N. Magazine Avenue. Turn left. The duplex in on the right side.
Status Change Info
Ratified Contract Dt: 2019-04-02
Sold Date: 2019-04-29
Sold Price: $24,000
Miscellaneous Info
Paid Utilities: Water
Expenses
Tax Exp: 342
Insurance Exp: 484
Water Exp: 168
Property Features
Limited Service: Not Limited Service
Construction: Stucco
Heating: Baseboard Electric
Cooling: No Cooling System
Water Description: Public Water
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Amenities Common: Cable TV
Lease Type: Month-to-Month
Owner Expenses: Lawn Care; Water
Internet Access: Cable; DSL
Tenant Expenses: Cable TV; Deposit; Electricity

Listing Office: HIGHLANDS REALTY & ASSOCIATES LLC

Last Updated: April - 29 - 2019


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