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Listed by JASON NOEL FOUNTAIN INVESTORS REAL ESTATE PARTNERS LLC
$ 1,550,000
Est. payment | /mo
$ 1,550,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 926553
HOA Y/N No
Year Built 1977
Annual Tax Amount $11,899
Acres 1.03
Property Sub-Type MultiFamily
Source Roanoke Valley Association of REALTORS®
Property Description
Nestled in Roanoke's desirable Southwest corridor, this 12-unit apartment building offers investors an attractive blend of stability and upside potential. The property has been well maintained and features all-brick Colonial architecture, manicured grounds and spacious two-bedroom apartments. Current rents are below market, creating immediate potential for income growth. Residents enjoy a peaceful, park-like setting in the Oak Grove area just minutes from Lewis Gale Medical Center, Tanglewood Mall, and Electric Rd. (U.S. 419) commercial corridor, making it a consistently sought-after rental location. " 12 total units - All 2BR apartments
" Classic brick exterior with colonial detailing
" Central boiler with gas backup heat
" Owner also pays water/sewer; tenants pay electric
" Ample off-street parking and landscaped surroundings
" Common-area stairwells and corridors
" Strong rental history with minimal vacancy
" Private pool (currently not in use, with potential for
reactivation or repurposing)
" Classic brick exterior with colonial detailing
" Central boiler with gas backup heat
" Owner also pays water/sewer; tenants pay electric
" Ample off-street parking and landscaped surroundings
" Common-area stairwells and corridors
" Strong rental history with minimal vacancy
" Private pool (currently not in use, with potential for
reactivation or repurposing)
Location
State VA
County Roanoke County
Area 1.03
Zoning RM-2
Direction 4622 Grandin RD SW, Roanoke, VA 24018
Interior
Heating Forced Air - Electric
Cooling Central Air
Fireplace No
Exterior
Garage Spaces 25.0
Total Parking Spaces 25
Garage No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Grandin Court
Middle Schools Woodrow Wilson
High Schools Patrick Henry
Others
Tax ID 509-0123
Nearby Locations
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