1317 3rd ST SW, Roanoke, VA 24016 (MLS# 785806)

$245,000

1317 3rd ST SW
Roanoke, VA 24016
MLS# 785806

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Property Description
This beautifully renovated mix-use property in historic Old Southwest features 3 residential units and 4 single-room offices. Both the location and cash-flow potential present a great investment opportunity. Private paved parking lot in back. Commercial space features reception area, kitchenette, and restroom. Apartments have central air, metered utilities, and individual hot water heaters.

Details

Maps

Contract Information

Current Price: $227,500

Sold Price: $227,500

List Date: 2012-09-24

Status: Closed

General Property Description

Construction Status: Completed

Year Built: 1910

Type of Business: Office

Lot Dimensions: 45x150

Total Acreage: 0.15

Flood Area: No

On site Parking: Yes

Parking Spaces: 6

Gross Building SqFt: 3634

Office SqFt: 950

Lease Available: No

Water Class: N/A

Location, Legal & Taxes

Major Area: 01 - City of Roanoke

Area: 0130 - City of Roanoke - SW

Street Number: 1317

Street Name: 3rd

Street Suffix: ST

Street Direction Sfx: SW

State/Province: VA

Zip Code: 24016

Subdivision Map: Old Southwest

Municipality: City of Roanoke

Tax ID: 1030511

Annual Taxes: 2817

Zoning Code: MX

Remarks & Misc

SA Comp: 3

Directions: Heading South of Franklin Road, turn Left on Walnut and then Right onto 3rd Street.

Status Change Info

Ratified Contract Dt: 2013-09-11

Sold Date: 2013-12-23

Sold Price: $227,500

Income & Expenses

Gross Income: 24000

Net Operating Income: 16550

Gross Expenses: 7450

Operating Expense: 7450

Property Features

Limited Service: Not Limited Service

Commercial Type: Investment; Office

Sale Includes: Building & Land

Construction: Brick

Heating: Heat Pump

Cooling: Heat Pump

Floors: Carpet; Vinyl; Wood

Manufactured Homes: No HUD Tag

Water Description: Public Water

Sewer Description: Public Sewer

Topography: Level

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: December - 25 - 2013

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