2037 Laburnum AVE SW, Roanoke, VA 24015
$726,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
7,841
Status:
Closed
Current Price:
$726,000
List Date:
5/03/2023
Last Modified:
12/27/2024
Description
Unique opportunity to own a charming, brick eight-unit apartment building nestled in a serene, single- family neighborhood around Grandin Village. This vintage building boasts Roanoke's unique small apartment character featuring colonial style architecture, sturdy turn-of-the-century construction and open-air porches for every resident. Other features include high ceilings, hardwood floors and exterior access to all units. Walking distance to Patrick Henry High School and the Grandin Village. All units are 1-BR with galley kitchens include dishwasher, electric range and refrigerator. Laundry on site. Owner financing or installment sale terms are preferred for qualified investors. Newer boiler. Window AC. All offers should be submitted by 5/10/23.
More Information MLS# 897909
General Property Description
Lot Dimensions: 50X160
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 0.18
Present Use: Built-As
# Furnished: 0
# Unfurnished: 8
# Leased Units: 7
Gross Bldg SQFT: 6470
Basement Y/N: Yes
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 68900
Year Built: 1925
Number of Units: 8
Operating Expense: 26558
Net Operating Income: 39241
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 0
Lot: 0
Block: 0
Tax ID: 1450307
Annual Taxes: 4952
Section: 0
Zoning Code: RM-2
POA Y/N: No
Area: 0130 - City of Roanoke - SW
Street Number: 2037
Street Name: Laburnum
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24015
Subdivision: Grandin Court
Municipality: City of Roanoke
Elementary School: Grandin Court
Middle School: Woodrow Wilson
High School: Patrick Henry
Remarks & Misc
Directions: Grandin Rd. to Laburnum Ave. Property on right at intersection of Laburnum and Belleville Rd.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Basement
Partial: 1
Heating
Radiator Gas Heat: 1
Cooling
Window Unit(s): 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Natural Gas: 1
Lease Type
One Year: 1
Month To Month: 1
Owner Expenses
Heating: 1
Lawn Care: 1
Water: 1
Tenant Expenses
Air Conditioning: 1
Electricity: 1
Contract Information
Current Price: $726,000
Sold Price: $726,000
List Date: 2023-04-30
Status: Closed
Status Change Info
Ratified Contract Dt: 2023-05-12
Sold Date: 2023-06-26
Sold Price: $726,000
Property Features
Limited Service: Not Limited Service
Construction: Brick
Basement: Partial
Heating: Radiator Gas Heat
Cooling: Window Unit(s)
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Natural Gas
Lease Type: One Year; Month To Month
Owner Expenses: Lawn Care; Water
Tenant Expenses: Air Conditioning; Electricity
Listing Office: WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: December - 27 - 2024
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