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- LoopNet Team
813 Ferdinand Ave
Roanoke, VA 24016
Day Ave Historic Properties · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Prime Location - Nexus of multiple desirable neighborhoods
- Historic building - tons of charm: hardwood floors, high ceilings, rocking chair porches
- Currently under professional management
- $16,900 repair credit available with full price offer
- On site coin laundry for additional income
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,568 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | Parking Ratio | 0.61/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | RM-2 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,568 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | RM-2 |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
ABOUT 813 FERDINAND AVE , ROANOKE, VA 24016
Price reduced with freshly remodeled apartment available to tour. Seller will give a $16,900 credit at closing for additional needed repairs with full price offer. This historic brick apartment building features eight built-as 1 BR/1 BA units. The property is located at the nexus between two of Roanoke's most popular neighborhoods - Wasena & Old Southwest with great access to the greenway, Downtown, and nearby Grandin Village. The apartments are under professional management and feature refinished hardwood floors, updated kitchens & bathrooms, added attic insulation, updated guttering, and on site coin operated laundry machines for additional income. Each unit has separate electric service, but the owner currently provides electricity & wifi in addition to water/sewer and gas heat (central boiler). Detailed income/expense info and utility breakdown can be downloaded here: https://waldvogelcommercial-my.sharepoint.com/:f:/p/ctaylor/EqhVGTiyFClHp-3PlFAXuxMBhyMlqwLcS9pCFlPsnzVkqg?e=zmPKKU
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $612.50 | - |
PROPERTY TAXES
| Parcel Number | 112-0414 | Improvements Assessment | $483,000 |
| Land Assessment | $41,300 | Total Assessment | $524,300 |
PROPERTY TAXES
