πŸ’ŽGEM IN SALEM WITH HIGH ARVπŸ’Ž

Salem, Salem, VA, 24153
Sold
Listed at: July 28th, 2023
Price
$300,000
ARV
$600,000
Gross Margin
$300,000
Sq. Footage
3700
Type
Single-Family
Parking
Driveway
Year build
1870
Lot size
acres
Bedrooms
5
Bathrooms
3
Half Bathrooms
0
Summary

Property has 2 kitchens, Ideally to reach maximum ARV I would make the other unit into an In-Law Suite. This property needs a big renovation to get top dollar. Contact us with any questions.

🏑 Property Details:

  • Size: 3,700 sq ft
  • Bedrooms: 5
  • Bathrooms: 3
  • Tax Assessment: Over $240,000
  • Area: Roanoke County (24153)
  • Property Type: Single Family
  • Built: 1870
  • School District: Roanoke County/Salem
  • HVAC: Forced Air on 408 and Baseboard heat. Will potentially need all new hvac with duct work
  • Roof: Needs replacement
  • Foundation: No known foundation issues
  • Flood Zone: no

Don't Miss This Opportunity! Tax Assessment Over $240,000! πŸ’²πŸ’²

🏠 Property Status:

  • Currently Vacant
  • Schedule a showing by contacting Seth Redman

πŸ’° Potential Rental Income:

  • Estimated rent: $1800 per unit

πŸ”¨ Repairs and Updates:

  • Repairs needed in the pictures above, including paint, flooring, roof, gutters, kitchen, bath, windows, and landscaping.
  • Needs most renovations done to achieve ARV (After Repair Value) $600k+
  • Expect this to be a high dollar renovation, subject to labor cost.

🏒 Interior Information:

of Bedrooms: 5

of Full Baths: 3

of 1/2 Baths: 0

🏘️ Exterior Information:

  • Physical Condition: Rough
  • Foundation Type: N/A
  • Exterior: Vinyl Siding
  • Roof Shape Type: Gable
  • Building Type: Single Family
  • Pool: No

πŸš— Parking & Garage Information:

  • Parking Type: Driveway

🏒 Lot Information:

πŸ”Œ Utility Information:

  • Public Utilities

⚠️ Important Note:

This is owner occupied, please don't disturb owners. If interested please contact us to schedule a showing.




Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Seth Redman

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