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
Overview
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.
Listing Details MLS# 897909
Location, Tax & Legal
- 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
- Major Area
- 01 - City of Roanoke
- Phase
- 0
- Lot
- No
- Block
- No
- Tax ID
- 1450307
- Annual Taxes
- 4952
- Section
- No
- Zoning Code
- RM-2
- POA Y/N
- No
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
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2023-05-12
- Sold Date
- 2023-06-26
Remarks & Misc
- Directions
- Grandin Rd. to Laburnum Ave. Property on right at intersection of Laburnum and Belleville Rd.
Limited Service
- Not Limited Service
- Yes
More Information
Construction
- Brick
- Yes
Basement
- Partial
- Yes
Heating
- Radiator Gas Heat
- Yes
Cooling
- Window Unit(s)
- 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
- Month To Month
- Yes
Owner Expenses
- Heating
- Yes
- Lawn Care
- Yes
- Water
- Yes
Tenant Expenses
- Air Conditioning
- Yes
- Electricity
- Yes
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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