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
Overview
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:
Listing Details MLS# 892785
Location, Tax & Legal
- 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
- Major Area
- 01 - City of Roanoke
- Phase
- 0
- Subdivision Map
- Ghent
- Lot
- Pt. 13&14
- Block
- No
- Tax ID
- 1330402
- Annual Taxes
- 4500
- Section
- No
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Other - See Remarks
- Construction Status
- Completed
- Year Built
- 1925
- Present Use
- Built-As
- Number of Units
- 4
- # Unfurnished
- 4
- # Leased Units
- 4
- Gross Bldg SQFT
- 3542
- Total Acreage
- 0.12
- Basement Y/N
- Yes
- Parking Description
- Private (1 - 9)
- Operating Expense
- 9944.2
- Net Operating Income
- 39496
- Gross Income
- 49440
- Water Class
- N/A
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2022-09-10
- Sold Date
- 2022-09-23
Internet Access
- Cur'nt Internet Prov
- Cox
Miscellaneous Info
- Public Transport
- Yes
More Information
Expenses
- Tax Exp
- 4500
- Insurance Exp
- 1530
- Electric Exp
- 1469
- Gas Exp
- 1247
- Water Exp
- 1200
Remarks & Misc
- Directions
- Grandin Rd to right on Memorial to 1736 just passed Fire Station.
Limited Service
- Not Limited Service
- Yes
Construction
- Brick
- Yes
Basement
- Full
- Yes
Views
- City
- Yes
Heating
- Forced Air Gas
- Yes
Leased Equipment
- See Remarks
- Yes
Misc Features
- Current Lease
- Yes
- Laundry Facility
- Yes
- Walk to School
- Yes
Cooling
- Central Air
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Amenities Common
- Cable TV
- Yes
Lease Type
- Other - See Remarks
- Yes
Owner Expenses
- Other - See Remarks
- Yes
Interior Features
- Storage
- Yes
Tenant Expenses
- Other - See Remarks
- Yes
Slr Pd Fin Concessns
- Not Disclosed
- Yes
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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