1736 Memorial AVE SW, Roanoke, VA 24015
$650,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
5,227
Status:
Closed
Current Price:
$650,000
List Date:
9/08/2022
Last Modified:
9/27/2024
Description
Iconic Grandin Village Retail/Apartment Building now on market. Built in 1925 and completely renovated in 1997, this is a rare find for location and condition. Many recent renovations and fully leased with excellent income and rate of investment return. 2 retail offices on main level each with half bath and featuring unique architectural features like exposed brick walls, curved walls, 13' ceilings, and hardwood flooring. The upstairs feature 2 apartments each comprised of 2 bedrooms, full bath, kitchen with range, refrigerator, dishwasher, and washer and dryer. One apartment comes with an outside deck and separate entrance. Tenants in apartments pay all own utilities except water and sewer. Adjacent paved parking for tenant and customer off-street parking. Parking lot was just
Supplements: repaved. Please see Documents for Income and Expenses and Features with recent improvements.
More Information MLS# 892785
General Property Description
Multi-Family Type: Other - See Remarks
Construction Status: Completed
Total Acreage: 0.12
Present Use: Built-As
# Furnished: 0
# Unfurnished: 4
# Leased Units: 4
Gross Bldg SQFT: 3542
Basement Y/N: Yes
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 49440
Year Built: 1925
Number of Units: 4
Operating Expense: 9944.2
Net Operating Income: 39496
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 0
Subdivision Map: Ghent
Lot: Pt. 13&14
Block: 0
Tax ID: 1330402
Annual Taxes: 4500
Section: 0
POA Y/N: No
Area: 0130 - City of Roanoke - SW
Street Number: 1736
Street Name: Memorial
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24015
Subdivision: Ghent
Municipality: City of Roanoke
Elementary School: Virginia Heights
Middle School: Woodrow Wilson
High School: Patrick Henry
Remarks & Misc
Directions: Grandin Rd to right on Memorial to 1736 just passed Fire Station.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Basement
Full: 1
Views
City: 1
Heating
Forced Air Gas: 1
Leased Equipment
See Remarks: 1
Misc Features
Current Lease: 1
Laundry Facility: 1
Walk to School: 1
Miscellaneous Info
Public Transport: Yes
Cooling
Central Air: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Amenities Common
Cable TV: 1
Lease Type
Other - See Remarks: 1
Owner Expenses
Other - See Remarks: 1
Interior Features
Storage: 1
Internet Access
Cur'nt Internet Prov: Cox
Tenant Expenses
Other - See Remarks: 1
Expenses
Tax Exp: 4500
Insurance Exp: 1530
Electric Exp: 1469
Gas Exp: 1247
Water Exp: 1200
Slr Pd Fin Concessns
Not Disclosed: 1
Contract Information
Current Price: $650,000
Sold Price: $650,000
List Date: 2022-09-07
Status: Closed
Status Change Info
Ratified Contract Dt: 2022-09-10
Sold Date: 2022-09-23
Sold Price: $650,000
Property Features
Limited Service: Not Limited Service
Construction: Brick
Basement: Full
Heating: Forced Air Gas
Cooling: Central Air
Water Description: Public
Leased Equipment: See Remarks
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Amenities Common: Cable TV
Lease Type: Other - See Remarks
Owner Expenses: Other - See Remarks
Interior Features: Storage
Misc Features: Current Lease; Laundry Facility; Walk to School
Tenant Expenses: Other - See Remarks
Slr Pd Fin Concessns: Not Disclosed
Listing Office: RE/MAX ALL POINTS
Last Updated: September - 27 - 2024
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