BEDS0
BATHS
SQUARE FEET3,128
MLS#929212
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOld Southwest
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: Central Air
Heating: Forced Air Electric
Lot Size: 0.15 Acres
Taxes: $4,800
Year Built: 1913
Feature Descriptions
Exterior: Wood
Lot Dimensions: 0.15 acre(s)
Parking Notes: Unpaved
Sewer: Public Sewer
Units: 6
Water: Public
Local Schools
High School: Patrick Henry
Middle School: James Madison
Elementary School: Highland Park
Listed By / Shown By
Listed By
Agency Name: INVESTORS REAL ESTATE PARTNERS LLC
Agency Phone: (540) 444-4737
Shown By
Agency Title: MKB, REALTORS
Agency Phone: 540-989-4555
Estimate Your Payment
Estimated Payment
$ 1,580.58 per month $1,043.79 Principal & Interest $400.00 Property Tax $136.79 Homeowner's InsuranceChange Payment Information
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433 Albemarle Ave Sw | MLS# 929212
This multi-family property located at 433 Albemarle Ave Sw, Roanoke, VA 24016 is currently listed for sale with an asking price of $469,000. Search Roanoke real estate on www.mkbrealtors.com today.