For Sale
$550,000

2213 Bailey AveSalem, VA 24153

Four-unit apartment building, excellent location, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 2213 Bailey Ave, Salem, VA 24153. The property, built in 1973, boasts a total of 3,848 square feet situated on a 0.42-acre lot. The two-story building is currently 100% occupied and zoned RMF, offering significant potential for rental income. Each of the four spacious units features two bedrooms, one and a half bathrooms, a full walkout basement, and a private deck. Recent updates include new kitchen cabinets, tub/shower surrounds, toilets, and HVAC systems, ensuring both comfort and efficiency for tenants. The property's prime location in Salem, VA provides convenient access to local amenities and conveniences, making it an attractive option for renters. This multifamily property represents a solid addition to any investment portfolio. Financial details, including a rent roll, are available upon request. Don't miss this chance to acquire a well-maintained, high-performing investment property in a desirable location.

Highlights

  • 3,848 square feet building on a 0.42-acre lot.
  • Four spacious, two-bedroom, 1.5-bath units.
  • RMF zoning.
  • Prime Salem, VA location.
  • Well-maintained property with recent updates.
  • Excellent potential for strong rental income.

Property Details for 2213 Bailey Ave

Property type
Apartment buildings
Square Feet
3,848 SF
Year Built
1973
Buildings
1
Stories
2
Lot Size (sq. ft)
18,295 SF

Location Insight

City
Salem
County
Roanoke
State
Virginia
Latitude
37.2762553
Longitude
-80.0723173
2213 Bailey Ave, Salem, Virginia

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2213 Bailey Ave
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