BEDS0
BATHS
SQUARE FEET4,556
MLS#927031
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOld Southwest
Property Description
Six-unit multifamily in Roanoke's established Old Southwest neighborhood. Built in 1921, the +/-4,556 SF building features six one-bedroom apartments across two floors, an unfinished basement, multiple units with private porches, and a gas boiler heating system. Currently 100% occupied with in-place rents 10-15% below market, offering immediate cash flow with clear upside as leases roll to market. Located on Mountain Avenue SW with close proximity to Carilion Clinic, downtown Roanoke, and the surrounding Old Southwest community.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: Window Unit(s)
Heating: Radiator Gas Heat
Lot Size: 0.12 Acres
Taxes: $4,596
Year Built: 1921
Feature Descriptions
Days on Site: 35
Exterior: Brick
Lot Dimensions: 0.12 acre(s)
Parking Notes: On Street
Sewer: Public Sewer
Total Rooms: 6
Units: 6
Water: Public
Local Schools
High School: Patrick Henry
Middle School: James Madison
Elementary School: Wasena
Listed By / Shown By
Listed By
Agency Name: INVESTORS REAL ESTATE PARTNERS LLC
Agency Phone: (540) 444-4737
Shown By
Agent Name: Stephanie Lawrence
Agent Phone: (540) 400-9350
Agency Title: MKB, REALTORS
Estimate Your Payment
Estimated Payment
$ 1,636.58 per month $1,108.33 Principal & Interest $383.00 Property Tax $145.25 Homeowner's InsuranceChange Payment Information
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501 Mountain Ave Sw | MLS# 927031
This multi-family property located at 501 Mountain Ave Sw, Roanoke, VA 24016 is currently listed for sale with an asking price of $498,000. Search Roanoke real estate on slawrence.mkbrealtors.com today.