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2404 Longview Ave SW
Roanoke, VA 24014
South Roanoke Multifamily: 18 Units · Multifamily Property For Sale
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18 Units
Investment Highlights
- Excellent Location
- 2 BR/1B Units with Single Floorplan Throughout
- Solid Construction and Well-Maintained by Long-term Owner
- Value Add Opportunity: Below Market Rents and Vacancy
Executive Summary
18 unit apartment property located in the sought-after neighborhood of South Roanoke. The property consists of three connected, 3-story brick buildings around a central courtyard. All of units are 2-bedroom, 1-bath units with a compact kitchen and separate dining and living areas.
Significant Improvements to the buildings' infrastructure were made in 2013, including new roofs, HVAC, and updated electric. Other recent improvements (within the past 24 months) include two new central boilers, new windows, and updates to units during turnovers, such as paint and LVP.
Demand for rentals in this area is very strong due to its central location, the neighborhood appeal, and the proximity to the region's largest employer, Carilion Clinic.
Significant Improvements to the buildings' infrastructure were made in 2013, including new roofs, HVAC, and updated electric. Other recent improvements (within the past 24 months) include two new central boilers, new windows, and updates to units during turnovers, such as paint and LVP.
Demand for rentals in this area is very strong due to its central location, the neighborhood appeal, and the proximity to the region's largest employer, Carilion Clinic.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | - | - |
Property Taxes
| Parcel Number | 1051903 | Improvements Assessment | $1,403,200 |
| Land Assessment | $135,200 | Total Assessment | $1,538,400 |
Property Taxes
Parcel Number
1051903
Land Assessment
$135,200
Improvements Assessment
$1,403,200
Total Assessment
$1,538,400
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