Thanks for creating your portal account to access all the MLS properites on the lake. Please make sure you let us know specifically what you are looking for, we’re always matching buyers and sellers with properties.
Thanks,
Paul
$950,000
602 Day AVE SW Roanoke, VA 24016 MLS# 856181
1 / 30
Property Description 17 unit brick, garden apartment building with 11 x 1BR/1BA units & 6 x 2BR/1BA units + on site coin laundry. Currently 1BR units rent between $550-$565 & 2BR units rent between $650-$675. The property was gutted & completely renovated within the last 10 years, including all major systems, including new central HVAC units, kitchens, & baths, as well as the addition of laundry facilities on site. The property is stable & performing well under professional management. Each unit has central HVAC & individual electric. Owner pays water/sewer, house electric only, & dumpster only. Turnkey property with additional upside available by continued cosmetic upgrades to unit interiors.
Details
Maps
General Property Description
Lot Dimensions: 150 x 130
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 0.45
Present Use: Built-As
# Furnished: 0
# Unfurnished: 17
# Leased Units: 16
Gross Bldg SQFT: 12240
Basement Y/N: No
Water Class: N/A
Parking Description: Private (10 or More)
# Vehicle Spaces: 17
Gross Income: 115308
Year Built: 1986
Number of Units: 17
Operating Expense: 40367
Net Operating Income: 74941
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 0
Lot: 12-14
Block: 3
Tax ID: 1120513
Annual Taxes: 7433
Section: 0
Zoning Code: RM-2
POA Y/N: No
Area: 0130 - City of Roanoke - SW
Street Number: 602
Street Name: Day
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: Old Southwest
Municipality: City of Roanoke
Elementary School: Wasena
Middle School: James Madison
High School: Patrick Henry
Remarks & Misc
Directions: Corner of 6th Street SW & Day Ave SW
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Basement
Slab: 1
Heating
Forced Air 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
Owner Expenses
Sewer: 1
Trash Disposal: 1
Water: 1
Tenant Expenses
Air Conditioning: 1
Electricity: 1
Heating: 1
Expenses
Management Exp: 9225
Maintenance Exp: 11531
Tax Exp: 7433
Insurance Exp: 3593
Electric Exp: 1663
Water Exp: 3145
Other Exp: 3778
Contract Information
Current Price: $950,000
Sold Price: $950,000
List Date: 2019-02-19
Status: Closed
Status Change Info
Ratified Contract Dt: 2019-03-01
Sold Date: 2019-05-02
Sold Price: $950,000
Property Features
Limited Service: Not Limited Service
Construction: Brick
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: Trash Disposal; Water
Tenant Expenses: Air Conditioning; Electricity; Heating
Listing Office: WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: September - 22 - 2024
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.
