15 Lewis AVE, Salem, VA 24153
$1,450,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
61,420
Status:
Closed
Current Price:
$1,450,000
List Date:
8/02/2023
Last Modified:
12/27/2024
Overview
Description
PLEASE SUBMIT ALL OFFERS BEFORE 5PM ON AUGUST 11. Unique 20-unit apartment community located in the heart of Salem, Virginia - An historic community in the Roanoke Valley. This southern gothic - Tudor style apartment building was constructed in 1932 and sits at the entrance of the popular Langhorne neighborhood. The building includes eight two-bedroom apartments, eight one-bedroom apartments and four studio apartments. Apartment features include high ceilings, hardwood floors, French doors and built in cabinetry. The property has maintained a history of strong occupancy with two additional attic apartments constructed in the last decade. The exterior features attractive brick and stone construction with a slate roof. All units have separate central heat and AC.
Supplements: ... (Read more)
Listing Details MLS# 900382
Location, Tax & Legal
- Area
- 0300 - City of Salem
- Street Number
- 15
- Street Name
- Lewis
- Street Suffix
- AVE
- State/Province
- VA
- Zip Code
- 24153
- Subdivision
- Langhorne Place
- Municipality
- City of Salem
- Elementary School
- West Salem
- Middle School
- Andrew Lewis
- High School
- Salem High
- Major Area
- 03 - City of Salem
- Phase
- 0
- Lot
- No
- Block
- No
- Tax ID
- 122-1-4, 123-2-5
- Annual Taxes
- 12012
- Section
- No
- Zoning Code
- RMF
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Apartments
- Construction Status
- Completed
- Year Built
- 1932
- Number of Units
- 20
- # Unfurnished
- 20
- # Leased Units
- 19
- Gross Bldg SQFT
- 15276
- Lot Dimensions
- 187 x 134
- Total Acreage
- 1.41
- Basement Y/N
- Yes
- Parking Description
- Private (1 - 9)
- Operating Expense
- 71187
- Net Operating Income
- 108303
- Gross Income
- 186000
- Water Class
- N/A
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2023-08-25
- Sold Date
- 2023-10-05
Miscellaneous Info
- Public Transport
- Yes
Expenses
- Management Exp
- 16154
- Maintenance Exp
- 17949
- Tax Exp
- 12012
- Insurance Exp
- 6200
- Electric Exp
- 4800
- Gas Exp
- 6972
- Water Exp
- 6000
- Other Exp
- 1100
More Information
Remarks & Misc
- Directions
- Main St. Salem to Lewis Ave. Property on left.
Limited Service
- Not Limited Service
- Yes
Construction
- Brick
- Yes
- Stone
- Yes
Basement
- Partial
- Yes
Heating
- Gas – Natural
- Yes
Cooling
- Central Air
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Natural Gas
- Yes
Lease Type
- One Year
- Yes
Owner Expenses
- Water
- Yes
- Other - See Remarks
- Yes
Tenant Expenses
- Electricity
- Yes
- Gas
- Yes
Slr Pd Fin Concessns
- No
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Brick; Stone
Basement:
Partial
Heating:
Gas – Natural
Cooling:
Central Air
Water Description:
Public
Sewer Description:
Public Sewer
Water Heater Type:
Tank
Water Heater Energy:
Natural Gas
Lease Type:
One Year
Owner Expenses:
Water; Other - See Remarks
Tenant Expenses:
Electricity; Gas
Slr Pd Fin Concessns:
No
Listing Office:
WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: December - 27 - 2024
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