Roanoke, VA 24012
MLS# 847475
Property Description
Rare Roanoke County multifamily property for sale. Situated on a quiet, residential street, this 12 unit brick building features a newer architectural shingle roof & all vinyl replacement windows. The property is located within the flood plain. 11x2BR/1 BA & 1x1BR/1 BA units + on site coin laundry. All units were equipped with new hw heaters & expansion tanks in 2015. Electric is metered separately. Central cooling with forced air electric heat. Water/Sewer paid by owner. Current rents average $595 per unit, presenting room for gradual increases while maintaining stable occupancy and predictable cash flows. With upside still available, this investment represents a turnkey opportunity to acquire an established multifamily property in a prime rental market location.
Last Updated: September - 21 - 2024
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