908 Greenhurst AVE NW & 914, Roanoke, VA 24012

$697,500

Property Type: MultiFamily Lot Size (sq. ft.): 18,295 Status: Closed

Current Price: $697,500 List Date: 7/06/2023 Last Modified: 9/28/2024

Overview

Description

9 unit built as apartment complex with an adjacent lot. See 360 tour of a sample unit. The property has been family owned for years and has multiple long term tenants with below market rents. See rent roll and expenses in documents tab. Add in the value of the adjacent lot the upside potential of this one is outstanding for the right investor. Property to be sold ''as-is-where-is'' seller to make no repairs. Inspections welcome for purchaser information only. Property is occupied so showing times are limited and only to prequalified purchasers with proof of funds with 4 business days advanced notice. First position owner financing available for the right purchaser at 6% interest with 20% down.

Listing Details MLS# 899632

Location, Tax & Legal

Area: 0150 - City of Roanoke - NE
Street Number: 908
Street Name: Greenhurst
Street Suffix: AVE
Street Direction Sfx: NW
State/Province: VA
Zip Code: 24012
Subdivision: N/A
Municipality: City of Roanoke
Elementary School: Round Hill
Middle School: James Breckinridge
High School: William Fleming

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1973
Number of Units: 9
# Unfurnished: 9
# Leased Units: 9
Gross Bldg SQFT: 6630
Lot Dimensions: 72*247
Total Acreage: 0.42
Basement Y/N: No
Parking Description: Private (1 - 9)
Operating Expense: 13608
Net Operating Income: 72420
Gross Income: 58812
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2023-08-15
Sold Date: 2023-09-22

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick; Cement Basement: Slab Heating: Heat Pump Electric Cooling: Heat Pump Electric Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Owner Expenses: Trash Disposal; Water Tenant Expenses: Electricity

Listing Office: JMAX PROPERTY MANAGEMENT LLC

Last Updated: September - 28 - 2024

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