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23831032
23831033

433 Albemarle Ave SW, Roanoke, VA 24016

DW
VA VA 0225228275
Walker Commercial Services Inc
Listed by Walker Commercial Services Inc
$475,000
360 days on market
Updated 80 days ago
Opportunity zone

433 Albemarle

Details
APN 1022514
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,516
Net Rentable (SqFt) 4,516
Units 6
Occupancy 100%
Pro-Forma Cap Rate 8.20%
Pro-Forma NOI $40,569
Price per SqFt $110
Year Built 1913
Buildings 2
Stories 2
Acreage 0.151
Zoning RM1
Parking Spaces 6 spaces
Parking Per SqFt 1.33
Investment Type Value Add
Occupancy Date 06/01/2025

Multifamily | 6 Units | $82,500/unit

Marketing description

Looking for an investment opportunity in the ever-popular Old SW community of Roanoke? This 5-unit garden home with carriage house is for you. With great demographics and nearby amenities, this property will always be desirable. Across from a school, walking distance to cafe's and the bus line, and a stones throw from Highland Park, tenants find this location quaint and peaceful. Take advantage of the Opportunity Zone incentive program in Roanoke City and make this property your next project. Financing is easy with immediate cashflow and full occupancy. Recent roof, water heaters and each unit has it's own heat pump/air conditioning. Call the listing agent today for a pro forma and to schedule an appointment.

Investment highlights

Desirable Location

Opportunity Zone

100% Occupied

Immediate Cashflow

Walk to Park or Cafe

Listing Contacts

DW
VA VA 0225228275
Walker Commercial Services Inc
Listed by Walker Commercial Services Inc

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Additional Information

Name
Daniel Wickham
License
VA 0225228275
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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