Cash Flowing Southwest Roanoke Duplex!

Roanoke, VA, 24016
Sold
Listed at: August 8th, 2022
Price
$71,000
ARV
$300,000
Gross Margin
$229,000
Sq. Footage
1920
Type
Multifamily
Parking
Street
Year build
1920
Lot size
10366.00 sqft
Bedrooms
6
Bathrooms
2
Half Bathrooms
0
Summary

Currently a duplex with one unit down (3 bedroom and 1 bath) and one unit up (3 bed and 1 bath). It is zoned multifamily by the city.

Formally this was a beautiful brick and stucco single family. If you were to return this to a single family, the estimated ARV would be in the $300k range.

Or you can leave this a duplex and continue to rent it out. Rent collected is $500 down and $400 up, for $900 total. Owner pays no utilities. Cosmetic updates and some water issues at the right foundation wall.

Journey Home Buyers, LLC (JHB) either: a) holds equitable interest with closing scheduled on or before agreed closing date with end Buyer; b) holds title in JHB name. No JV'ing or marketing this deal without ratified agreement with JHB. Do Not Disturb Tenants. It is unlawful to trespass on private property. If you would like to schedule an evaluation contact JHB. "Win It Now" pricing expires once the property is scheduled for showing(s). Buying at Win It Now price requires sight unseen purchase and EMD within timeframe as noted in agreement. Buyer beware, JHB strives to represent all information accurately, but it is not guaranteed. Buyer's due diligence is recommended to verify all information pertinent to your buying criteria. JHB strives to provide all buyers an equal opportunity to see properties, however we reserve the right to accept an offer at our discretion.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Will McNeill

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Disposition manager