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Paul
$520,000
2223 Bailey AVE Salem, VA 24153 MLS# 908879
1 / 1
Property Description Great investment opportunity in City of Salem. This property is convenient located, 4 units each with 2 bedrooms, 1 bath, full basement (unfinished), small deck off kitchen, living room. All 4 units are currently rented with long term tenants, all on month to month leases. Each unit is renting well below market value. All could use cosmetic updates.
Details
Maps
General Property Description
Multi-Family Type: Quad
Construction Status: Completed
Total Acreage: 0.33
Present Use: Built-As
# Furnished: 0
# Unfurnished: 4
# Leased Units: 4
Gross Bldg SQFT: 5797
Basement Y/N: Yes
Water Class: N/A
Parking Description: On Street
Gross Income: 28020
Year Built: 1973
Number of Units: 4
Operating Expense: 11130
Net Operating Income: 16890
Location, Tax & Legal
Major Area: 03 - City of Salem
Phase: 0
Lot: 17-A
Block: 3
Tax ID: 237-1-1
Annual Taxes: 3288
Section: 0
POA Y/N: No
Area: 0300 - City of Salem
Street Number: 2223
Street Name: Bailey
Street Suffix: AVE
State/Province: VA
Zip Code: 24153
Subdivision: Shamrock
Municipality: City of Salem
Elementary School: South Salem
Middle School: Andrew Lewis
High School: Salem High
Remarks & Misc
Directions: From 419N, Left on Apperson Drive. Left at first light onto Colorado, Stay Left onto Kimball, Left on Pyrtle to Right on Bailey.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Basement
Full: 1
Walk-Out Access: 1
Views
City: 1
Mountain(s): 1
Heating
Heat Pump Electric: 1
Cooling
Central Air: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Lease Type
Month To Month: 1
Owner Expenses
Management Fee: 1
Sewer: 1
Water: 1
Tenant Expenses
Electricity: 1
Contract Information
Current Price: $520,000
Sold Price: $520,000
List Date: 2024-07-01
Status: Closed
Status Change Info
Ratified Contract Dt: 2024-11-08
Sold Date: 2024-12-17
Sold Price: $520,000
Property Features
Limited Service: Not Limited Service
Construction: Brick
Basement: Full; Walk-Out Access
Heating: Heat Pump Electric
Cooling: Central Air
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Lease Type: Month To Month
Owner Expenses: Management Fee; Water
Views: Mountain(s)
Tenant Expenses: Electricity
Listing Office: RE/MAX REAL ESTATE ONE
Last Updated: December - 17 - 2024
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