1913 Year Built

Stabilized 6-unit multifamily with a 7.00% cap rate on current income and projected 8.00% at market rents.

Current NOI of $33,421 grows to $37,522 with modest rent adjustments on a tenant-occupied, income-producing asset in Roanoke's established Old Southwest neighborhood.

Mix of 1BR and 2BR units including garage apartments with strong tenant retention. Stabilized and tenant-occupied. Income producing from day one.

Listed by INVESTORS REAL ESTATE PARTNERS LLC

GALLERY

PROPERTY DETAIL

Key Details

Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Subdivision Old Southwest
MLS Listing ID 929212
HOA Y/N No
Year Built 1913
Annual Tax Amount $4,800
Acres 0.15
Property Sub-Type MultiFamily
Source Roanoke Valley Association of REALTORS®
Location

State VA
County City Of Roanoke
Community Old Southwest
Area 0.15
Zoning RM-1
Direction 433 Albemarle AVE SW, Roanoke, VA 24016
Rooms

Basement Full, Dirt Floor
Building

Sewer Public Sewer
Water Public
New Construction No

Interior

Heating Forced Air - Electric
Cooling Central Air
Fireplace No
Exterior

Garage No
Schools

Elementary Schools Highland Park
Middle Schools James Madison
High Schools Patrick Henry
Others

Tax ID 102-2514