2920 Epperley AVE NW 2920-2952, Roanoke, VA 24012

$917,500

Property Type: MultiFamily Lot Size (sq. ft.): 35,284 Status: Closed

Current Price: $917,500 List Date: 2/06/2017 Last Modified: 9/19/2024

Overview

Description

Built in 1997 & meticulously maintained by a single owner, the Andrew Alan Court Apartments are situated along the Williamson Road corridor just South of Hershberger. Two attractive brick buildings with newer architectural shingle roofs house fourteen 2 BR 1.5 BA, townhouse-style units that are over 1,000 SF each. Tenant amenities include features such as garbage disposals, dishwashers, & in unit w/d hook-ups. Many upgrades have been completed over the years, including tile flooring in some kitchens & baths. Electric is metered separately & the units feature central air with gas heat & electric cooling. There is one water meter for the property, which is paid by the owner. The property is currently 100% leased with all units rented at $700, making this a turnkey opportunity for investors.

Listing Details MLS# 829990

Location, Tax & Legal

Area: 0150 - City of Roanoke - NE
Street Number: 2920
Street Name: Epperley
Street Suffix: AVE
Street Direction Sfx: NW
State/Province: VA
Zip Code: 24012
Subdivision: N/A
Municipality: City of Roanoke
Elementary School: Preston Park
Middle School: James Breckinridge
High School: William Fleming

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1997
Present Use: Built-As
Number of Units: 14
# Unfurnished: 14
# Leased Units: 14
Gross Bldg SQFT: 17170
Lot Dimensions: Irregular
Total Acreage: 0.81
Basement Y/N: No
Parking Description: Private (10 or More)
Operating Expense: 34725
Net Operating Income: 76982
Gross Income: 117600
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2017-03-17
Sold Date: 2017-05-12

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick; Wood Basement: Slab Heating: Forced Air Gas Cooling: Central Air Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Lease Type: One Year Owner Expenses: Electricity; Water Tenant Expenses: Electricity; Gas

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: September - 19 - 2024

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