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Melissa Brumbaugh

Melissa Brumbaugh
RE/MAX All Points
Roanoke, VA 24018

540-815-4880
Contact Me

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Listing 2 out of 355
$550,000 For Sale

716 Dale Ave
Vinton, VA 24179

11 units | Multi Family Home - MLS# 858035
Property Photo
1/15

Description

11 unit apartment building located near Downtown Vinton. The property is situated on a quiet, residential street with flat, paved parking area & minimal landscaping. Situated near Glade Creek, the property is within the floodplain. Single brick building with a newer architectural shingle roof & 11x2BR/1 BA units that are over 750 SF each. The twelfth unit is currently set up as the laundry room. According to the current owner, over $75K of improvements have been completed in the past 3 years. Separate electric, central cooling, & forced air electric heat. Water/Sewer paid for by the owner. Current rents average $548/unit, presenting room for gradual increases while maintaining predictable cash flows

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • County/Area: Roanoke County
  • Zip Code: 24179
  • Year Built: 1972
  • Elementary School: Herman L. Horn
  • Middle School: William Byrd
  • High School: William Byrd
  • Units: 11 units
  • Basement: Slab
  • # Leased Units: 11.00
  • # Unfurnished: 11.00
  • Construction: Brick, Wood
  • Construction Status: Completed
  • Cooling: Central Cooling
  • Gross Bldg SQFT: 9600.00
  • Gross Income: $72,360
  • Heating: Forced Air Electric
  • Insurance Exp: 6588.00
  • Lot Dimensions: 0 x 0
  • Maintenance Exp: 6094.00
  • Management Exp: 4875.00
  • Multi-Family Type: Apartments
  • Municipality: Town Of Vinton
  • Net Operating Income: 38365.00
  • Other Exp: 4947.00
  • Owner Expenses: Sewer, Water
  • Sewer Description: Public Sewer
  • Tax Exp: 5119.00
  • Tenant Expenses: Air Conditioning, Electricity, Heating
  • Total Annual Expen: $31,076
  • Water Description: Public Water
Courtesy of Waldvogel Commercial Properties

 

Melissa Brumbaugh |Licensed in VA | 540-815-4880 | Contact Me
5115 Bernard Dr Ste 110 - Roanoke, VA 24018
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