1016 LowerRoanoke, VA 24013

Property Details for 1016 Lower

Property size (Sq ft)

18,130 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of twenty apartment units strategically located throughout Roanoke, Virginia. The portfolio boasts a total of 18,130 square feet and commands a compelling asking price of $2,290,000. With a robust Net Operating Income (NOI) of $175,191, this property offers a highly attractive cap rate of 7.65%, presenting significant potential for strong returns. The diverse locations within Roanoke provide access to various amenities and demographics, enhancing the property's appeal to a wide range of tenants. The portfolio includes units situated at addresses across multiple neighborhoods, including 1016 15th Street SE Lower #1 & #2, 1460 and 1462 Varnell Ave NE, 1646 and 1648 Eastern Ave NE, 1724 and 1726 Eastern Ave NE, 1818 Rorer Ave #1 & #2, 1902 and 1904 Eastern Ave NE, 2034 and 2036 Purcell Ave NE, and 425 Bullitt Ave SE Apt A & B, 802 Rorer Ave SW Apt A & B, and 810 Rorer Ave #A & #B, all within the Roanoke County, Virginia, utilizing zip codes 24012, 24013, and 24016. This well-positioned portfolio offers a compelling combination of strong financial performance and diverse geographic reach, making it an ideal addition to any investor's portfolio. The property is currently offered for sale.

Location Insight

City

Roanoke

County

Roanoke

State

Virginia

Latitude

37.2699

Longitude

-79.9179

FAQs

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