Log In/Sign Up
Your email has been sent.
2404 Longview Ave SW - South Roanoke Multifamily: 18 Units 18 Unit Apartment Building Offered at $2,795,095 CAD at a 7.63% Cap Rate Roanoke, VA 24014
Investment Highlights
- Excellent Location
- 2 BR/1B Units with Single Floorplan Throughout
- Solid Construction and Well-Maintained by Long-term Owner
- Value Add Opportunity: Below Market Rents and Vacancy
Executive Summary
18 unit apartment property located in the sought-after neighborhood of South Roanoke. The property consists of three connected, 3-story brick buildings around a central courtyard. All of units are 2-bedroom, 1-bath units with a compact kitchen and separate dining and living areas.
Significant Improvements to the buildings' infrastructure were made in 2013, including new roofs, HVAC, and updated electric. Other recent improvements (within the past 24 months) include two new central boilers, new windows, and updates to units during turnovers, such as paint and LVP.
Demand for rentals in this area is very strong due to its central location, the neighborhood appeal, and the proximity to the region's largest employer, Carilion Clinic.
Significant Improvements to the buildings' infrastructure were made in 2013, including new roofs, HVAC, and updated electric. Other recent improvements (within the past 24 months) include two new central boilers, new windows, and updates to units during turnovers, such as paint and LVP.
Demand for rentals in this area is very strong due to its central location, the neighborhood appeal, and the proximity to the region's largest employer, Carilion Clinic.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1051903 | Improvements Assessment | $1,973,924 CAD |
| Land Assessment | $190,190 CAD | Total Assessment | $2,164,114 CAD |
Property Taxes
Parcel Number
1051903
Land Assessment
$190,190 CAD
Improvements Assessment
$1,973,924 CAD
Total Assessment
$2,164,114 CAD
Contacts
-
Krista Vannoy -
Michael Waldvogel -
Evan Ashwell -
Alicia Robinson -
Waldvogel Commercial Properties, Inc.
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2404 Longview Ave SW - South Roanoke Multifamily: 18 Units
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.