NW Roanoke Brick Ranch Duplex

Roanoke, VA, 24017
Sold
Listed at: May 19th, 2023
Price
$140,000
ARV
$185,000
Gross Margin
$45,000
Sq. Footage
1848
Type
Multifamily
Parking
Off street
Year build
1961
Lot size
0.28 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

This Duplex has two similar units, (each 2 bed/1 bath) and should bring an estimated $1800+ once closer to market rents.

 

One side is currently occupied by long-term tenant at $535 and the other side is vacant awaiting a minimal turn.

 

In addition to the upside on rent increases the property sits in an area that is very likely to be rezoned to commercial or possibly higher density residential in the future.

 

Full disclosure on what we know; 1)Front unit a/c has a leak under the house; a/c unit at the back has never been connected but it was sealed 2) The duplex is on septic, not sewer and the city currently has no sewer lines near this property.  


Contact Will at 540-302-8010 for additional pictures or if you'd like to see the vacant unit. Please do not disturb the tenant.

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