290 Alleghany Spring RD & 292, Shawsville, VA 24162

$1,050,000
Property Type: MultiFamily Lot Size (sq. ft.): 92,347 Status: Closed
Current Price: $1,050,000 List Date: 3/26/2021 Last Modified: 1/15/2025

Overview

Description

Outstanding SW Virginia Investment Opportunity. 10 Apartments and 4 Townhomes fully-occupied. Former assisted living facility renovated for multi-family. New sprinkler system 2008,2 ADA apartment units, additional 2,300+ SF unfinished townhome ready for renovation. Massive positive cash-flow potential. Email agent for Confidential Offering Memorandum, Pro Forma and more information.

Listing Details MLS# 878115

Location, Tax & Legal

Area
1000 - Montgomery County
Street Number
290
Street Name
Alleghany Spring
Street Suffix
RD
State/Province
VA
Zip Code
24162
Subdivision
NA
Municipality
Montgomery County
Elementary School
Eastern Montgomery
Middle School
Shawsville
High School
Eastern Montgomery

General Property Description

Multi-Family Type
Apartments
Construction Status
Completed
Year Built
2008
Number of Units
14
# Unfurnished
14
# Leased Units
14
Gross Bldg SQFT
21978
Total Acreage
2.12
Basement Y/N
No
Parking Description
Private (10 or More)
Operating Expense
53050
Net Operating Income
83706
Gross Income
144210
Water Class
N/A

Status Change Info

Ratified Contract Dt
2021-03-26
Sold Date
2021-06-23

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick; Vinyl Basement: Slab Heating: Other - See Remarks Cooling: Other - See Remarks Water Description: Public Sewer Description: Public Sewer Owner Expenses: Management Fee; Water Tenant Expenses: Electricity; Interior Maintenance
Listing Office: POE & CRONK REAL ESTATE GROUP
Last Updated: January - 15 - 2025
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.