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209 1st St SW 12 Unit Apartment Building $2,225,000 ($185,417/Unit) Roanoke, VA 24011
INVESTMENT HIGHLIGHTS
- Convenient downtown location
- Roof top terrace with grilling area
- Modern upscale finishes in unit.
EXECUTIVE SUMMARY
The Lofts at First and Kirk is a high-end, 12-unit multifamily property located in the heart of Downtown Roanoke. Located within walking distance of restaurants, shopping, and entertainment, the Lofts at First and Kirk combines modern living with unbeatable convenience. This fully leased building includes eleven 1-bedroom units and one 2-bedroom unit. Each apartment is finished with modern, upscale features, including gas fireplaces, wood plank flooring, concrete countertops, tiled kitchen backsplashes, ceramic tiled showers, and walk-in closets in select units. Property amenities include secure building access, elevator, rooftop deck with an outdoor kitchen, and a community recycling program. Garage parking is available through Park Roanoke’s residential parking program.
The Lofts at First and Kirk presents a rare opportunity to own a stabilized, turnkey asset with high-quality finishes in one of Roanoke’s most vibrant districts.
Financials available upon request. Condo Conversion Opportunity.
The Lofts at First and Kirk presents a rare opportunity to own a stabilized, turnkey asset with high-quality finishes in one of Roanoke’s most vibrant districts.
Financials available upon request. Condo Conversion Opportunity.
PROPERTY FACTS
| Price | $2,225,000 | Building Class | C |
| Price Per Unit | $185,417 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 12,000 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2015 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | D - Downtown District | ||
| Price | $2,225,000 |
| Price Per Unit | $185,417 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1920/2015 |
| Opportunity Zone |
Yes |
| Zoning | D - Downtown District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 1011526 | Improvements Assessment | $1,372,600 |
| Land Assessment | $131,700 | Total Assessment | $1,504,300 |
PROPERTY TAXES
Parcel Number
1011526
Land Assessment
$131,700
Improvements Assessment
$1,372,600
Total Assessment
$1,504,300
CONTACTS
-
Michael Waldvogel -
Krista Vannoy -
Morgan Myers -
Waldvogel Commercial Properties, Inc.
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209 1st St SW
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