130 Calhoun StSalem, VA 24153

Property Details for 130 Calhoun St

Year built

2023

Lot size

0.67 AC

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional five-unit townhome portfolio presents a lucrative investment opportunity in Salem, VA. Located on W Calhoun St (addresses 130, 132, 134, 138, and 140), this 2023-built property boasts five two-story buildings situated on a 0.67-acre lot. Each unit offers approximately 2000 square feet of living space, including four bedrooms and four bathrooms, plus a private garage. Three units are currently leased, generating a combined monthly income of $8185. One unit is leased for $2695 per month, another for $2695, and a third for $2795. The property is zoned RMF and features separate utility meters for each unit. An HOA covers exterior grounds maintenance, with each unit contributing $500 annually. The convenient location offers proximity to Interstate access, major medical facilities (Carilion and LewisGale), Roanoke College, VTC Medical School, and Hollins University, ensuring high occupancy rates and strong rental demand. The asking price is $1,950,000, representing a price per unit of $390,000. Tax IDs: 122-9-1.1; 122-9-1.2; 122-9-1.3; 122-9-1.5; 122-9-1.6; 122-9-1. This is a turnkey investment ready for immediate income generation.

Location Insight

City

Salem

County

Roanoke

State

Virginia

Latitude

37.2909

Longitude

-80.0619

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