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  • Overview

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Buy a multi-family propertyat 135 Salem AVE, Roanoke, VA 24011

$1,800,000

$0/mo

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Multifamily

15,676 Sq. Ft.

3,484 Sq. Ft. lot

16 Days on market

896666 MLS ID

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About 135 Salem AVE multi-family property

Great location downtown, 135 Salem Ave. is a 15,676 SF mixed-use building, Investment opportunity. 9 apartments, 4 which are furnished, & 1 ground level commercial/retail space, This building was renovated in 2015 to include all major components, new elevator, sprinkler system and life safety. bike room, 4 units have individual laundry and onsite coin operated laundry to service remaining units, short term and long term rentals, Quiet and professional building. Listing agent related to Seller.
Great location downtown, 135 Salem Ave. is a 15,676 SF mixed-use building, Investment opportunity. 9 apartments, 4 which are furnished, & 1 ground level commercial/retail space, This building was renovated in 2015 to include all major components, new elevator, sprinkler system and life safety. bike room, 4 units have individual laundry and onsite coin operated laundry to service remaining units, short term and long term rentals, Quiet and professional building. Listing agent related to Seller.

Property details

House

Construction Status: Completed

Gross building sqft: 15,676

Expenses

Total Annual Expenses: $34,311

Insurance Expense: $1,030

Electric Expense: $3,936

Water Expense: $3,996

Water

Water Class: N/A

Income

Gross Income: $144,060

Net Operating Income: $109,749

Interior Features

Furnished: 4

Unfurnished: 5

Listing

Multi-Family Type: Apartments

List Price: $1,800,000

Total Units: 10

Leased Units: 8

List Date: 2023-03-15

Location

Area: 0110 - City of Roanoke - Downtown

Municipality: City of Roanoke

Subdivision: N/A

Block: 4

Section: SW

Lot

Dimensions: 30 x127

Parking

Description: Public

Property

Present Use: Built-As

Schools

Elementary School: Highland Park

Middle School: James Madison

High School: William Fleming

Taxes

Annual Taxes: 9648.00

Tax Expense: $9,648

Utilities

Paid Utilities: Water/Sewer

Monthly cost

Estimated monthly cost

$11,560/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,692,000

+$54,000

$1,746,000

Seller agent commission$54,000 (3%)*

$0 (0%)

Buyer agent commission$54,000 (3%)*

$54,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $54,000 more selling your home
with a Unreal Estate agent

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Unreal Estate checked: Mar. 31, 2023 at 5:26 a.m.

Data updated: Mar. 25, 2023 at 1:34 p.m.

Courtesy of KIMBERLY PAYNE, MKB, REALTORS(r).
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2023 Roanoke Valley Association of REALTORS®. All Rights Reserved.

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