433 Albemarle Sw Ave, Roanoke, VA 24016
- $469,000
- 3,128
- SqFt
- List Price
- $469,000
- Status
- ACTIVE
- MLS#
- 929212
- Living Area
- 3,128
- Lot Size (Acres)
- 0.15
- Year Built
- 1913
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.
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Additional Information
- Area
- 0130 - City of Roanoke - SW
- Subdivision
- Old Southwest
- Taxes
- $4,800
- Heating
- Forced Air Electric
- Cooling
- Central Air
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Highland Park
- Middle School
- James Madison
- High School
- Patrick Henry
- Remarks
- 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.
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Listing courtesy of Investors Real Estate Partners Llc.