1736 Memorial AVE SW, Roanoke, VA 24015

$650,000

Virtual Tour

http://veewme.com/ub/182793/1736-memorial-ave-roanoke-va-24015

Property Type: MultiFamily Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $650,000 List Date: 9/08/2022 Last Modified: 9/27/2024

Overview

Description

Iconic Grandin Village Retail/Apartment Building now on market. Built in 1925 and completely renovated in 1997, this is a rare find for location and condition. Many recent renovations and fully leased with excellent income and rate of investment return. 2 retail offices on main level each with half bath and featuring unique architectural features like exposed brick walls, curved walls, 13' ceilings, and hardwood flooring. The upstairs feature 2 apartments each comprised of 2 bedrooms, full bath, kitchen with range, refrigerator, dishwasher, and washer and dryer. One apartment comes with an outside deck and separate entrance. Tenants in apartments pay all own utilities except water and sewer. Adjacent paved parking for tenant and customer off-street parking. Parking lot was just

Supplements: repaved. Please see Documents for Income and Expenses and Features with recent improvements.

Listing Details MLS# 892785

Location, Tax & Legal

Area: 0130 - City of Roanoke - SW
Street Number: 1736
Street Name: Memorial
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24015
Subdivision: Ghent
Municipality: City of Roanoke
Elementary School: Virginia Heights
Middle School: Woodrow Wilson
High School: Patrick Henry

General Property Description

Multi-Family Type: Other - See Remarks
Construction Status: Completed
Year Built: 1925
Present Use: Built-As
Number of Units: 4
# Unfurnished: 4
# Leased Units: 4
Gross Bldg SQFT: 3542
Total Acreage: 0.12
Basement Y/N: Yes
Parking Description: Private (1 - 9)
Operating Expense: 9944.2
Net Operating Income: 39496
Gross Income: 49440
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2022-09-10
Sold Date: 2022-09-23

Internet Access

Cur'nt Internet Prov: Cox

Miscellaneous Info

Public Transport: Yes

More Information

Expenses

Tax Exp: 4500
Insurance Exp: 1530
Electric Exp: 1469
Gas Exp: 1247
Water Exp: 1200

Property Features

Limited Service: Not Limited Service Construction: Brick Basement: Full Heating: Forced Air Gas Cooling: Central Air Water Description: Public Leased Equipment: See Remarks Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Amenities Common: Cable TV Lease Type: Other - See Remarks Owner Expenses: Other - See Remarks Interior Features: Storage Misc Features: Current Lease; Laundry Facility; Walk to School Tenant Expenses: Other - See Remarks Slr Pd Fin Concessns: Not Disclosed

Listing Office: RE/MAX ALL POINTS

Last Updated: September - 27 - 2024

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