Gateway to Grandin Village 1736 Grandin Rd SW 4 Unit Apartment Building $749,950 ($187,488/Unit) Roanoke, VA 24015
INVESTMENT HIGHLIGHTS
- High visibility on corner of Sherwood and Grandin
- Seconds away from restaurants, shopping and greenway
- Lots of natural lights
EXECUTIVE SUMMARY
WELCOME TO 1736 GRANDIN RD, THE GATEWAY TO GRANDIN VILLAGE! THIS STATELY PROPERTY HAS BEEN CONVERTED INTO 4 APARTMENTS. MAIN LEVEL IS FUNCTIONING AS AN OFFICE SPACE WITH SCREENED-IN PORCH THAT COULD BE A 2 BED/1.5 BATH APARTMENT. UPPER LEVEL FEATURES 2 APARTMENTS - 2BED/1BTH & 1BED/1BTH. SIDE UNIT IS TOWNHOUSE STYLE WITH 2BED/1BTH. LARGE, DRY FULL WALK-OUT BASEMENT PERFECT FOR STORAGE. PRIVATE PARKING LOT IN REAR. THIS PROPERTY HAS BEEN APPROVED FOR EXPANSION BY ADDING ON TO EXISTING BUILDING AND/OR BUILDING NEW DETACHED STRUCTURES IN REAR. CAPITALIZE YOUR INVESTMENT WITH THIS UNIQUE PROPERTY. NOW IS YOUR CHANCE TO OWN A COVETED PEICE OF THE HISTORIC GRANDIN VILLAGE! SOME REPLACEMENT WINDOWS THROUGHOUT PROPERTY. NEWER HVAC UNITS.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS Under Contract
| Price | $749,950 |
| Price Per Unit | $187,488 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.57 AC |
| Building Size | 4,864 SF |
| No. Stories | 2 |
| Year Built | 1926 |
| Zoning | CN(c) |
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 1440705 | Improvements Assessment | $287,900 (2024) |
| Land Assessment | $233,900 (2024) | Total Assessment | $521,800 (2024) |
