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1712 Grandin Rd SW Multifamily 1712 Grandin Rd SW 12 Unit Apartment Building $1,499,000 ($124,917/Unit) 5.82% Cap Rate Roanoke, VA 24015
Investment Highlights
- 12-unit multifamily in Roanoke's Grandin Village neighborhood
- Stabilized and income-producing with meaningful rent upside remaining
- ?Mix of 1BR and 2BR units with 8 garage bays and shared laundry
Executive Summary
Stabilized 12-unit multifamily offered at $1,499,000 with a 5.81% cap rate on current income and a path to 8.64% at market rents. Current NOI of $87,176 grows to $129,520 with mark-to-market rent adjustments on a brick, income-producing asset in Roanoke's high-demand Grandin Village corridor.
Property Facts
| Price | $1,499,000 | Apartment Style | Low-Rise |
| Price Per Unit | $124,917 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 5.82% | Building Size | 10,656 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | RMF | ||
| Price | $1,499,000 |
| Price Per Unit | $124,917 |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 10,656 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | RMF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,025 | - |
| 1+1 | 4 | $837.50 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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1712 Grandin Rd SW Multifamily | 1712 Grandin Rd SW
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