102 McAlliff LN - 108, Moneta, VA 24121
$950,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
312,761
Status:
Closed
Current Price:
$950,000
List Date:
8/07/2018
Last Modified:
9/22/2024
Description
Built in 1990, this 16 unit apartment community features four buildings with 4 x 2 BR/1 BA units in each. Each unit features a modern, open floor plan & includes a dishwasher, washer/dryer, eat-in kitchen, & private deck overlooking park-like setting. Located only 45 minutes from Roanoke & 35 minutes from Lynchburg, Smith Mountain Lake is the largest man-made lake in Virginia with 32 square miles of area & over 500 miles of shoreline. Boasting over twelve private marinas & 4 golf courses, the area is a popular tourist destination & bedroom community for surrounding areas. Electric metered separately. Owner pays trash & exterior lighting. Water/Sewer is on private well/septic. Ample parking. Currently 100% occupied with established tenants paying $575 and newer tenants paying $625
More Information MLS# 851223
General Property Description
Lot Dimensions: Irregular
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 7.18
Present Use: Built-As
# Furnished: 0
# Unfurnished: 16
# Leased Units: 16
Gross Bldg SQFT: 15040
Basement Y/N: No
Water Class: N/A
Parking Description: Private (10 or More)
Gross Income: 114000
Year Built: 1990
Number of Units: 16
Operating Expense: 30186
Net Operating Income: 78114
Location, Tax & Legal
Major Area: 06 - Bedford County
Unit #: - 108
Phase: 0
Lot: 4,5,6,7
Block: 0
Tax ID: 222 7 4, 222 7 5, 222 7 6, 222 8 7
Annual Taxes: 5032
Section: 1 & 2
POA Y/N: No
Area: 0600 - Bedford County
Street Number: 102
Street Name: McAlliff
Street Suffix: LN
State/Province: VA
Zip Code: 24121
Subdivision: Wedgewood
Municipality: Bedford County
Elementary School: Moneta
Middle School: Staunton River
High School: Staunton River
Remarks & Misc
Directions: From HFB 122 N. R on Hendricks Store Road. L at White House Road. R on Winterwood Drive which approximately 1 mile down White House. L on McAlliff Lane. Four buildings on L
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Vinyl: 1
Wood: 1
Basement
Slab: 1
Heating
Heat Pump Electric: 1
Cooling
Heat Pump Electric: 1
Water Description
Private Well: 1
Sewer Description
Private Septic: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Owner Expenses
Lawn Care: 1
Trash Disposal: 1
Other - See Remarks: 1
Tenant Expenses
Electricity: 1
Other - See Remarks: 1
Expenses
Management Exp: 8664
Maintenance Exp: 10830
Tax Exp: 5032
Insurance Exp: 3910
Other Exp: 1750
Contract Information
Current Price: $950,000
Sold Price: $950,000
List Date: 2018-08-07
Status: Closed
Status Change Info
Ratified Contract Dt: 2018-09-18
Sold Date: 2019-04-03
Sold Price: $950,000
Property Features
Limited Service: Not Limited Service
Construction: Brick; Vinyl; Wood
Basement: Slab
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Water Description: Private Well
Sewer Description: Private Septic
Water Heater Type: Tank
Water Heater Energy: Electric
Owner Expenses: Lawn Care; Trash Disposal; Other - See Remarks
Tenant Expenses: Electricity; Other - See Remarks
Listing Office: WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: September - 22 - 2024
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