290 Alleghany Spring RD & 292, Shawsville, VA 24162
$1,050,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
92,347
Status:
Closed
Current Price:
$1,050,000
List Date:
3/26/2021
Last Modified:
1/15/2025
Overview
Description
Outstanding SW Virginia Investment Opportunity. 10 Apartments and 4 Townhomes fully-occupied. Former assisted living facility renovated for multi-family. New sprinkler system 2008,2 ADA apartment units, additional 2,300+ SF unfinished townhome ready for renovation. Massive positive cash-flow potential. Email agent for Confidential Offering Memorandum, Pro Forma and more information.
Listing Details MLS# 878115
Location, Tax & Legal
- Area
- 1000 - Montgomery County
- Street Number
- 290
- Street Name
- Alleghany Spring
- Street Suffix
- RD
- State/Province
- VA
- Zip Code
- 24162
- Subdivision
- NA
- Municipality
- Montgomery County
- Elementary School
- Eastern Montgomery
- Middle School
- Shawsville
- High School
- Eastern Montgomery
- Major Area
- 10 - Montgomery County
- Unit #
- & 292
- Phase
- 0
- Lot
- No
- Block
- No
- Tax ID
- 012512
- Annual Taxes
- 8500
- Section
- No
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Apartments
- Construction Status
- Completed
- Year Built
- 2008
- Number of Units
- 14
- # Unfurnished
- 14
- # Leased Units
- 14
- Gross Bldg SQFT
- 21978
- Total Acreage
- 2.12
- Basement Y/N
- No
- Parking Description
- Private (10 or More)
- Operating Expense
- 53050
- Net Operating Income
- 83706
- Gross Income
- 144210
- Water Class
- N/A
- Lot Dimensions
- No
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2021-03-26
- Sold Date
- 2021-06-23
Remarks & Misc
- Directions
- From US-11 S/US-460W out of Salem, VA: turn left onto Alleghany Spring Rd. Take first left into driveway and property is on far right.
Limited Service
- Not Limited Service
- Yes
More Information
Construction
- Brick
- Yes
- Vinyl
- Yes
Basement
- Slab
- Yes
Heating
- Other - See Remarks
- Yes
Cooling
- Other - See Remarks
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Owner Expenses
- Management Fee
- Yes
- Sewer
- Yes
- Water
- Yes
Tenant Expenses
- Electricity
- Yes
- Interior Maintenance
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Brick; Vinyl
Basement:
Slab
Heating:
Other - See Remarks
Cooling:
Other - See Remarks
Water Description:
Public
Sewer Description:
Public Sewer
Owner Expenses:
Management Fee; Water
Tenant Expenses:
Electricity; Interior Maintenance
Listing Office:
POE & CRONK REAL ESTATE GROUP
Last Updated: January - 15 - 2025
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