2404 Longview Ave SW
- Excellent Location
- Solid Construction and Well-Maintained by Long-term Owner
- 2 BR/1B Units with Single Floorplan Throughout
- Value Add Opportunity: Below Market Rents and Vacancy
Property Description
18 unit apartment property located in the sought-after neighborhood of South Roanoke. The property consists of three connected, 3-story brick buildings around a central courtyard. All of units are 2-bedroom, 1-bath units with a compact kitchen and separate dining and living areas. Significant Improvements to the buildings' infrastructure were made in 2013, including new roofs, HVAC, and updated electric. Other recent improvements (within the past 24 months) include two new central boilers, new windows, and updates to units during turnovers, such as paint and LVP. Demand for rentals in this area is very strong due to its central location, the neighborhood appeal, and the proximity to the region's largest employer, Carilion Clinic.Broker Details
Waldvogel Commercial Properties 540-342-0881
MLS ID: 20060310190425045255000000
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,995,000 |
| No. of Units: | 18 |
| Year Built: | 1947 |
| Lot Size: | 0.48 Acres |
| Opportunity Zone: | No |
| Price per unit: | $110,833 |
| Property Website | Click Here |
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