6139 Darby RD, Roanoke, VA 24012
$700,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
48,787
Status:
Closed
Current Price:
$700,000
List Date:
4/23/2018
Last Modified:
9/21/2024
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.
More Information MLS# 847475
Contract Information
Current Price: $700,000
Sold Price: $700,000
List Date: 2018-04-23
Status: Closed
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1971
Number of Units: 12
# Unfurnished: 12
# Leased Units: 12
Gross Bldg SQFT: 12150
Lot Dimensions: 0 x 0
Total Acreage: 1.12
Basement Y/N: No
Parking Description: Private (10 or More)
# Vehicle Spaces: 12
Operating Expense: 32982
Net Operating Income: 48914
Gross Income: 85680
Water Class: N/A
Location Legal Taxes
Area: 0210 - Roanoke County - North
Street Number: 6139
Street Name: Darby
Street Suffix: RD
State/Province: VA
Zip Code: 24012
Subdivision: Boxley Hills
Municipality: Roanoke County
Elementary School: Burlington
Middle School: Northside
High School: Northside
Status Change Info
Ratified Contract Dt: 2018-07-03
Sold Date: 2018-10-15
Sold Price: $700,000
Expenses
Management Exp: 6552
Maintenance Exp: 8189
Tax Exp: 7172
Insurance Exp: 6588
Other Exp: 4481
Property Features
Limited Service: Not Limited Service
Construction: Brick; Wood
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: Management Fee; Water
Tenant Expenses: Air Conditioning; Electricity; Heating
Listing Office: WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: September - 21 - 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.
