716 Dale Ave
Vinton, VA 24179
11 Unit Apartment Building - Vinton, VA · Multifamily Property For Sale · 11 Units

Waldvogel Commercial Properties is pleased to offer for sale this 11 unit apartment community located at 716 Dale Ave in Vinton, Virginia. The property is situated on a quiet, residential street with convenient access to Roanoke and Downtown Vinton. With a large, flat paved parking area, the parcel presents ownership with minimal landscaping and upkeep expenses. Situated near Glade Creek, the property is located within the floodplain. The community consists of a single brick building with newer architectural shingle roof. The building houses eleven 2 bedroom, 1 bath units that are over 750 SF each. One of the units is currently configured as the laundry room, offering new ownership the opportunity to significantly increase revenues by converting this unit to residential. According to the current owner, over $75,000 of capital improvements have been completed over the past three years. Electric is metered separately, and the units feature central cooling with forced air electric heat. There is one water meter for the property, which is paid for by the owner. Current rents average $528 per unit, presenting room for gradual increases while maintaining stable occupancy and predictable cash flows. With upside still available, this investment represents a turnkey opportunity to acquire an established multifamily property in a prime rental market location.