Call Today 540-989-4555

420 Front Ave, Salem, VA 24153

$267,000
  • 420 Front Ave, Salem, VA 24153 Main Photo

18 Photos

Active
BEDS0 BATHS MLS#931240
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Don't miss this well-maintained 1925 duplex offering the opportunity to live in one apartment and rent out the other and also immediate income for the savvy investor Ideally situated in the City of Salem, this 2,242 sq. ft. property features two spacious 2 bedroom, 1 bath units 1,178 sq. ft. and 1,066 sq. ft. both currently occupied delivering steady rental income from day one. Each unit comes equipped with a refrigerator, electric range, and additional appliances (range hood/dishwasher in one unit, built-in microwave in the other), along with the comfort of central air and heat pump heating. Tenants are responsible for their own electric and water usage, helping keep ownership costs low, and the property benefits from public water and sewer service.Conveniently located in Salem, this property offers tenants and future owners alike quick access to LewisGale Medical Center and the Salem VA Medical Center, along with Carilion Roanoke Memorial Hospital just minutes away in nearby Roanoke. Outdoor enthusiasts will love the proximity to hiking and biking trails, greenways, and the Roanoke River, plus easy access to the Blue Ridge Parkway and Appalachian Mountains. Salem's walkable, historic downtown offers local restaurants, breweries, and shops, while nearby Roanoke adds museums, arts, and additional urban amenities. This is a low-maintenance addition to any rental portfolio. Conveniently located near South Salem Elementary, Andrew Lewis Middle, and Salem High School.

420 Front Ave | MLS# 931240

This multi-family property located at 420 Front Ave, Salem, VA 24153 is currently listed for sale with an asking price of $267,000. Search Salem real estate on www.mkbrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Heat Pump Electric
Lot Size: 0.08 Acres
Taxes: $2,511
Year Built: 1925

Amenities

Ceiling Fan(s)
Storage

Feature Descriptions

Days on Site: 20
Exterior: Aluminum Siding, Vinyl Siding
Lot Dimensions: 0.08 acre(s)
Miscellaneous Features: Current Lease
Sewer: Public Sewer
Water: Public

Local Schools

High School: Salem High
Middle School: Andrew Lewis
Elementary School: South Salem

Listed By / Shown By

Listed By

Agency Name: MAC WESTLAND REAL ESTATE GROUP

Shown By

Agency Title: MKB, REALTORS
Agency Phone: 540-989-4555

IDX logo

Estimate Your Payment

Estimated Payment

$ 881.35 per month $594.23 Principal & Interest $209.25 Property Tax $77.88 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder