2037 Laburnum AVE SW, Roanoke, VA 24015

$726,000

Property Type: MultiFamily Lot Size (sq. ft.): 7,841 Status: Closed

Current Price: $726,000 List Date: 5/03/2023 Last Modified: 12/27/2024

Overview

Description

Unique opportunity to own a charming, brick eight-unit apartment building nestled in a serene, single- family neighborhood around Grandin Village. This vintage building boasts Roanoke's unique small apartment character featuring colonial style architecture, sturdy turn-of-the-century construction and open-air porches for every resident. Other features include high ceilings, hardwood floors and exterior access to all units. Walking distance to Patrick Henry High School and the Grandin Village. All units are 1-BR with galley kitchens include dishwasher, electric range and refrigerator. Laundry on site. Owner financing or installment sale terms are preferred for qualified investors. Newer boiler. Window AC. All offers should be submitted by 5/10/23.

Listing Details MLS# 897909

Location, Tax & Legal

Area: 0130 - City of Roanoke - SW
Street Number: 2037
Street Name: Laburnum
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24015
Subdivision: Grandin Court
Municipality: City of Roanoke
Elementary School: Grandin Court
Middle School: Woodrow Wilson
High School: Patrick Henry

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1925
Present Use: Built-As
Number of Units: 8
# Unfurnished: 8
# Leased Units: 7
Gross Bldg SQFT: 6470
Lot Dimensions: 50X160
Total Acreage: 0.18
Basement Y/N: Yes
Parking Description: Private (1 - 9)
Operating Expense: 26558
Net Operating Income: 39241
Gross Income: 68900
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2023-05-12
Sold Date: 2023-06-26

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick Basement: Partial Heating: Radiator Gas Heat Cooling: Window Unit(s) Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Natural Gas Lease Type: One Year; Month To Month Owner Expenses: Lawn Care; Water Tenant Expenses: Air Conditioning; Electricity

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: December - 27 - 2024

All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.