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  • DESCRIPTION

    11 unit apartment building located near Downtown Vinton. The property is situated on a quiet, residential street with flat, paved parking area & minimal landscaping. Situated near Glade Creek, the property is within the floodplain. Single brick building with a newer architectural shingle roof & 11x2BR/1 BA units that are over 750 SF each. The twelfth unit is currently set up as the laundry room. According to the current owner, over $75K of improvements have been completed in the past 3 years. Separate electric, central cooling, & forced air electric heat. Water/Sewer paid for by the owner. Current rents average $548/unit, presenting room for gradual increases while maintaining predictable cash flows

    KEY DETAILS
    • Price:
    • $575,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • n/a
    • Year Built:
    • 1972
    • MLS #:
    • 858035
    • Street Address:
    • 716 Dale Ave
    • City:
    • Vinton
    • State:
    • VA
    • Postal Code:
    • 24179
    • County:
    • Town Of Vinton
    • Area:
    • Roanoke County - Town Of Vinton
    • Subdivision:
    • N/A
    • Listing Status:
    • For Sale - Active

    Building

    • Basement Description:
    • Slab
    • Construction Description:
    • Brick, Wood
    • Construction Status:
    • Completed
    • Number Of Units:
    • 11.00
    • Year Built:
    • 1972

    Business

    • Gross Income:
    • 72360.00
    • Net Operating Income:
    • 38365.00

    Land

    • Conforms To Zoning:
    • R2
    • Existing Land Use:
    • Built-As
    • Lot Features:
    • Lts 6 7 & 8
    • Section:
    • 12

    Money

    • Property Taxes:
    • $5,269

    Structures

    • Parking Description:
    • Private (10 Or More)

    Systems

    • Cooling System:
    • Central Cooling
    • Heating:
    • Forced Air Electric
    • Sewage Type:
    • Public Sewer

    Water

    • Water Amenities:
    • Public Water

    Source

    • Listing provided by Waldvogel Commercial Properties

      RNOKE
    School data provided by
    GreatSchools
    REQUEST SHOWING
    SCHOOL RATINGS
    7

    HERMAN L. HORN ELEMENTARY SCHOOL
    Elementary School
    Public

    8

    WILLIAM BYRD MIDDLE SCHOOL
    Middle School
    Public

    5

    WILLIAM BYRD HIGH SCHOOL
    High School
    Public

    NOTES

    No notes have been added for this home.

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