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
Contract Information
Current Price: $726,000
Sold Price: $726,000
List Date: 2023-04-30
Status: Closed
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1925
Present Use: Built-As
Number of Units: 8
# Unfurnished: 8
# Leased Units: 7
Gross Bldg SQFT: 6470
Lot Dimensions: 50X160
Total Acreage: 0.18
Basement Y/N: Yes
Parking Description: Private (1 - 9)
Operating Expense: 26558
Net Operating Income: 39241
Gross Income: 68900
Water Class: N/A
Location Legal Taxes
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
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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