6139 Darby RD, Roanoke, VA 24012
$700,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
48,787
Status:
Closed
Current Price:
$700,000
List Date:
4/23/2018
Last Modified:
9/21/2024
Overview
Description
Rare Roanoke County multifamily property for sale. Situated on a quiet, residential street, this 12 unit brick building features a newer architectural shingle roof & all vinyl replacement windows. The property is located within the flood plain. 11x2BR/1 BA & 1x1BR/1 BA units + on site coin laundry. All units were equipped with new hw heaters & expansion tanks in 2015. Electric is metered separately. Central cooling with forced air electric heat. Water/Sewer paid by owner. Current rents average $595 per unit, presenting room for gradual increases while maintaining stable occupancy and predictable cash flows. With upside still available, this investment represents a turnkey opportunity to acquire an established multifamily property in a prime rental market location.
Listing Details MLS# 847475
Location, Tax & Legal
- Area
- 0210 - Roanoke County - North
- Street Number
- 6139
- Street Name
- Darby
- Street Suffix
- RD
- State/Province
- VA
- Zip Code
- 24012
- Subdivision
- Boxley Hills
- Municipality
- Roanoke County
- Elementary School
- Burlington
- Middle School
- Northside
- High School
- Northside
- Major Area
- 02 - Roanoke County
- Phase
- 0
- Lot
- 1,2, &7
- Block
- Yes
- Tax ID
- 038.06-06-11.00-0000
- Annual Taxes
- 7172
- Section
- Yes
- Zoning Code
- R3
- POA Y/N
- No
- POA/Condo Dues
- 0
General Property Description
- Multi-Family Type
- Apartments
- Construction Status
- Completed
- Year Built
- 1971
- Number of Units
- 12
- # Unfurnished
- 12
- # Leased Units
- 12
- Gross Bldg SQFT
- 12150
- Lot Dimensions
- 0 x 0
- Total Acreage
- 1.12
- Basement Y/N
- No
- Parking Description
- Private (10 or More)
- # Vehicle Spaces
- 12
- Operating Expense
- 32982
- Net Operating Income
- 48914
- Gross Income
- 85680
- Water Class
- N/A
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2018-07-03
- Sold Date
- 2018-10-15
Expenses
- Management Exp
- 6552
- Maintenance Exp
- 8189
- Tax Exp
- 7172
- Insurance Exp
- 6588
- Other Exp
- 4481
Remarks & Misc
- Directions
- Williamson Rd to Commander to right on Darby to 6139 on right.
More Information
Limited Service
- Not Limited Service
- Yes
Construction
- Brick
- Yes
- Wood
- Yes
Basement
- Slab
- Yes
Heating
- Forced Air Electric
- Yes
Cooling
- Central Air
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Owner Expenses
- Management Fee
- Yes
- Sewer
- Yes
- Water
- Yes
Tenant Expenses
- Air Conditioning
- Yes
- Electricity
- Yes
- Heating
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Brick; Wood
Basement:
Slab
Heating:
Forced Air Electric
Cooling:
Central Air
Water Description:
Public
Sewer Description:
Public Sewer
Water Heater Type:
Tank
Water Heater Energy:
Electric
Owner Expenses:
Management Fee; Water
Tenant Expenses:
Air Conditioning; Electricity; Heating
Listing Office:
WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: September - 21 - 2024
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