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433 Janette Ave SW
Roanoke, VA 24016
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 5,324 SF |
| Property Subtype | Apartment | Average Occupancy | 37% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1958 |
| Zoning | RM-2 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,324 SF |
| Average Occupancy | 37% |
| No. Stories | 2 |
| Year Built | 1958 |
| Zoning | RM-2 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 433 JANETTE AVE SW , ROANOKE, VA 24016
8-unit building in one of the most established sections of the Old Southwest historic district in Roanoke with convenient access to the Franklin Road bridge, downtown, the hospital, and the newly emerging medical district. Roof replaced within past 10 years. Mostly vinyl windows. All apartments feature upgraded panel boxes, electric hot water heaters, & ductless mini-split central cooling units. With four units currently vacant, the property is poised for revitalization with tons of upside available, offering a true-value add investment opportunity. Rent roll and pro forma available, showing both current performance as well as upside potential. Financials listed are based on upside. Please note that the property is being marketed as a repositioning opportunity. High vacancy is intentional to facilitate the value add process. Historic P&L's will be only be provided under a due diligence period or following a property showing. Feel free to call broker to discuss.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $650.00 | 650 |
PROPERTY TAXES
| Parcel Number | 103-1013 | Improvements Assessment | $640,600 |
| Land Assessment | $45,900 | Total Assessment | $686,500 |
PROPERTY TAXES
