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Listed by JASON NOEL FOUNTAIN INVESTORS REAL ESTATE PARTNERS LLC
$ 1,499,000
Est. payment | /mo
$ 1,499,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Subdivision Grandin Court
MLS Listing ID 929215
HOA Y/N No
Year Built 1930
Annual Tax Amount $11,500
Acres 0.58
Property Sub-Type MultiFamily
Source Roanoke Valley Association of REALTORS®
Property Description
Well-located multifamily investment opportunity in Roanoke's desirable Raleigh Court/Grandin Village area. This classic brick,1930s property offers strong neighborhood appeal, convenient access to restaurants, shopping, parks, schools, public transportation, and major employment centers. Positioned along Grandin Road SW, the asset has proven durable rental demand. Ideal for investors seeking a long-term hold or value-add opportunity through continued professional management and potential unit improvements. Additional potential income from garage leases (8 units) and laundry income. See rent roll for details. Property is made up of 8 2BR's and 4 1BR's. On site parking in back.
Location
State VA
County City Of Roanoke
Community Grandin Court
Area 0.58
Direction 1712 Grandin RD SW, Roanoke, VA 24015
Rooms
Basement Partial
Interior
Heating Electric Heat Pump
Cooling Central Air
Fireplace No
Exterior
Garage No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Wasena
Middle Schools James Madison
High Schools Patrick Henry
Others
Tax ID 144-0702
Nearby Locations
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