290 Alleghany Spring RD & 292, Shawsville, VA 24162 (MLS# 878115)


$1,050,000
290 Alleghany Spring RD & 292
Shawsville, VA 24162
MLS# 878115



Main
  1 / 1  
Main

Property Description
Outstanding SW Virginia Investment Opportunity. 10 Apartments and 4 Townhomes fully-occupied. Former assisted living facility renovated for multi-family. New sprinkler system 2008,2 ADA apartment units, additional 2,300+ SF unfinished townhome ready for renovation. Massive positive cash-flow potential. Email agent for Confidential Offering Memorandum, Pro Forma and more information.

Details
Maps
General Property Description
Lot Dimensions: 0
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 2.12
# Furnished: 0
# Unfurnished: 14
# Leased Units: 14
Gross Bldg SQFT: 21978
Basement Y/N: No
Water Class: N/A
Parking Description: Private (10 or More)
Gross Income: 144210
Year Built: 2008
Number of Units: 14
Operating Expense: 53050
Net Operating Income: 83706
Location, Tax & Legal
Major Area: 10 - Montgomery County
Unit #: & 292
Phase: 0
Lot: 0
Block: 0
Tax ID: 012512
Annual Taxes: 8500
Section: 0
POA Y/N: No
Area: 1000 - Montgomery County
Street Number: 290
Street Name: Alleghany Spring
Street Suffix: RD
State/Province: VA
Zip Code: 24162
Subdivision: NA
Municipality: Montgomery County
Elementary School: Eastern Montgomery
Middle School: Shawsville
High School: Eastern Montgomery
Remarks & Misc
Directions: From US-11 S/US-460W out of Salem, VA: turn left onto Alleghany Spring Rd. Take first left into driveway and property is on far right.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Vinyl: 1
Basement
Slab: 1
Heating
Other - See Remarks: 1
Cooling
Other - See Remarks: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Owner Expenses
Management Fee: 1
Sewer: 1
Water: 1
Tenant Expenses
Electricity: 1
Interior Maintenance: 1
Contract Information
Current Price: $1,050,000
Sold Price: $1,050,000
List Date: 2021-03-25
Status: Closed
Status Change Info
Ratified Contract Dt: 2021-03-26
Sold Date: 2021-06-23
Sold Price: $1,050,000
Property Features
Limited Service: Not Limited Service
Construction: Brick; Vinyl
Basement: Slab
Heating: Other - See Remarks
Cooling: Other - See Remarks
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Management Fee; Water
Tenant Expenses: Electricity; Interior Maintenance

Listing Office: POE & CRONK REAL ESTATE GROUP

Last Updated: January - 15 - 2025

All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.