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Listed by JASON NOEL FOUNTAIN INVESTORS REAL ESTATE PARTNERS LLC
$ 469,000
Est. payment /mo
New
433 Albemarle SW AVE Roanoke, VA 24016
UPDATED:
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®
Property Description
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.
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.
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
Interior
Heating Forced Air - Electric
Cooling Central Air
Fireplace No
Exterior
Garage No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Highland Park
Middle Schools James Madison
High Schools Patrick Henry
Others
Tax ID 102-2514
NEARBY SCHOOLS & PROPERTIES