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433 Albemarle Ave SW 6 Unit Apartment Building $664,484 CAD ($110,747 CAD/Unit) 7.13% Cap Rate Roanoke, VA 24016
Investment Highlights
- ?6-unit multifamily in Roanoke's established Old Southwest neighborhood
- Stabilized and tenant-occupied — income producing from day one
- ?Mix of 1BR and 2BR units including garage apartments with strong tenant retention
Executive Summary
Stabilized 6-unit multifamily offered at $469,000 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.?
Property Facts
| Price | $664,484 CAD | Apartment Style | Garden |
| Price Per Unit | $110,747 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,128 SF |
| Cap Rate | 7.13% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1913 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM-2 - Residential | ||
| Price | $664,484 CAD |
| Price Per Unit | $110,747 CAD |
| Sale Type | Investment |
| Cap Rate | 7.13% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.15 AC |
| Building Size | 3,128 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1913 |
| Opportunity Zone |
Yes |
| Zoning | RM-2 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Playground
- Furnished Units Available
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 102-2514 | Improvements Assessment | $509,485 CAD |
| Land Assessment | $65,032 CAD | Total Assessment | $574,516 CAD |
Property Taxes
Parcel Number
102-2514
Land Assessment
$65,032 CAD
Improvements Assessment
$509,485 CAD
Total Assessment
$574,516 CAD
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433 Albemarle Ave SW
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