6139 Darby RD, Roanoke, VA 24012

$700,000

Property Type: MultiFamily Lot Size (sq. ft.): 48,787 Status: Closed

Current Price: $700,000 List Date: 4/23/2018 Last Modified: 9/21/2024

Overview

Description

Rare Roanoke County multifamily property for sale. Situated on a quiet, residential street, this 12 unit brick building features a newer architectural shingle roof & all vinyl replacement windows. The property is located within the flood plain. 11x2BR/1 BA & 1x1BR/1 BA units + on site coin laundry. All units were equipped with new hw heaters & expansion tanks in 2015. Electric is metered separately. Central cooling with forced air electric heat. Water/Sewer paid by owner. Current rents average $595 per unit, presenting room for gradual increases while maintaining stable occupancy and predictable cash flows. With upside still available, this investment represents a turnkey opportunity to acquire an established multifamily property in a prime rental market location.

Listing Details MLS# 847475

Location, Tax & Legal

Area: 0210 - Roanoke County - North
Street Number: 6139
Street Name: Darby
Street Suffix: RD
State/Province: VA
Zip Code: 24012
Subdivision: Boxley Hills
Municipality: Roanoke County
Elementary School: Burlington
Middle School: Northside
High School: Northside

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1971
Number of Units: 12
# Unfurnished: 12
# Leased Units: 12
Gross Bldg SQFT: 12150
Lot Dimensions: 0 x 0
Total Acreage: 1.12
Basement Y/N: No
Parking Description: Private (10 or More)
# Vehicle Spaces: 12
Operating Expense: 32982
Net Operating Income: 48914
Gross Income: 85680
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2018-07-03
Sold Date: 2018-10-15

Expenses

Management Exp: 6552
Maintenance Exp: 8189
Tax Exp: 7172
Insurance Exp: 6588
Other Exp: 4481

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick; Wood Basement: Slab Heating: Forced Air Electric Cooling: Central Air Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Owner Expenses: Management Fee; Water Tenant Expenses: Air Conditioning; Electricity; Heating

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: September - 21 - 2024

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