$755,000
$799,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
4,590 SqFt
SOLD DATE : 10/15/2021
Key Details
Sold Price $755,000
Property Type Multi-Family
Sub Type Apartments
Listing Status Sold
Purchase Type For Sale
Square Footage 4,590 sqft
Price per Sqft $164
MLS Listing ID 882128
Sold Date 10/15/21
Construction Status Completed
Year Built 1970
Annual Tax Amount $4,298
Lot Size 1.150 Acres
Acres 1.15
Property Sub-Type Apartments
Property Description
12 unit apartment complex in very desirable location, Top apartment is former Central Academy school which was transformed to apartments in 1970, Great investment opportunity and income could rise as rent has not increased in the last 4 years! Recent upgrades include: Paved parking lot with individual parking spots painted. New metal roof on upper apartment building installed in 2020. New roof on lower apartment building installed in 2018. Ten new HVAC units out of the 12 installed within the last 5 years. New guttering on both buildings. Upper building has two 2 bedroom apartments, one two bedroom and 2 one bedroom apartments. Lower building has 7 two bedroom apartments.
Location
State VA
County Botetourt County
Area 0700 - Botetourt County
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan, Storage
Heating Heat Pump Electric
Cooling Central Cooling
Exterior
Parking Features Private (10 or More)
Pool Current Lease, Pet Allowed
View Mountain
Building
Sewer Public Sewer
Water Public Water
Structure Type Vinyl,Wood
Construction Status Completed
Schools
Elementary Schools Breckinridge
Middle Schools Central Academy
High Schools James River
Others
Tax ID 73A(1)75
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