515 8th ST SW, Roanoke, VA 24016
$2,300,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
75,359
Status:
Closed
Current Price:
$2,300,000
List Date:
1/15/2020
Last Modified:
9/24/2024
Overview
Description
Supplements: ... (Read more) With other community amenities such as private off-street parking, community courtyard and BBQ and an off-leash pet area, the West End Flats offer a competitive rental advantage over other SW properties that creates reliable, long-term value for investors and an opportunity to acquire a stable, performing asset that will benefit from the continued growth and expansion.
Listing Details MLS# 866001
Location, Tax & Legal
- Area
- 0130 - City of Roanoke - SW
- Street Number
- 515
- Street Name
- 8th
- Street Suffix
- ST
- Street Direction Sfx
- SW
- State/Province
- VA
- Zip Code
- 24016
- Subdivision
- N/A
- Municipality
- City of Roanoke
- Elementary School
- Wasena
- Middle School
- James Madison
- High School
- Patrick Henry
General Property Description
- Multi-Family Type
- Apartments
- Construction Status
- Completed
- Year Built
- 1950
- Number of Units
- 24
- # Furnished
- Yes
- # Unfurnished
- 23
- # Leased Units
- 23
- Gross Bldg SQFT
- 19336
- Lot Dimensions
- 410x185
- Total Acreage
- 1.73
- Basement Y/N
- Yes
- Parking Description
- Private (10 or More)
- Operating Expense
- 110882
- Net Operating Income
- 178583
- Gross Income
- 289466
- Water Class
- N/A
Status Change Info
- Ratified Contract Dt
- 2020-02-06
- Sold Date
- 2020-04-10
More Information
Property Features
Limited Service:
Not Limited Service
Construction:
Brick
Basement:
Partial
Heating:
Heat Pump Electric
Cooling:
Central Air
Water Description:
Public
Sewer Description:
Public Sewer
Owner Expenses:
Other - See Remarks
Tenant Expenses:
Other - See Remarks
Listing Office:
WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: September - 24 - 2024
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