1602 Cliff View DR, & 1604, Salem, VA 24153 (MLS# 866573)

$298,500

1602 Cliff View DR, & 1604
Salem, VA 24153
MLS# 866573

1 / 15

Property Description
This like-new patio home style duplex allowing one floor living with separate garages is the perfect rental or owner occupant property for someone looking for a return on investment. Both units currently rented. Excellent net operating income with landlord expenses limited to taxes, insurance, and lawn/basic maintenance. Open concept kitchen to family room, bright and beautiful interior. Terrific location convenient to both Salem and downtown Roanoke. Taxes, square footage, and expenses estimated by realtor, buyer to verify. You won't want to miss this special duplex opportunity.

Details

Maps

Contract Information

Current Price: $298,500

Sold Price: $298,500

List Date: 2020-02-05

Status: Closed

General Property Description

Multi-Family Type: Duplex

Construction Status: Completed

Year Built: 2003

Number of Units: 2

# Unfurnished: 2

# Leased Units: 2

Gross Bldg SQFT: 3284

Total Acreage: 0.27

Basement Y/N: No

Basement: Slab

Parking Description: Other - See Remarks

# Vehicle Spaces: 2

Operating Expense: 5164

Net Operating Income: 23936

Gross Income: 29100

Water Class: N/A

Location, Legal & Taxes

Major Area: 03 - City of Salem

Area: 0300 - City of Salem

Street Number: 1602

Street Name: Cliff View

Street Suffix: DR

Unit #: & 1604

State/Province: VA

Zip Code: 24153

Subdivision: N/A

Municipality: City of Salem

Tax ID: 258-3-9.1

Annual Taxes: 3464

POA Y/N: No

Elementary School: East Salem

Middle School: Andrew Lewis

High School: Salem High

Remarks & Misc

Directions: Apperson to Weaverton to Cliff View.

Status Change Info

Ratified Contract Dt: 2020-02-06

Sold Date: 2020-03-05

Sold Price: $298,500

Property Features

Limited Service: Not Limited Service

Construction: Brick

Heating: Heat Pump Electric

Cooling: Central Cooling

Water Description: Public Water

Sewer Description: Public Sewer

Owner Expenses: Lawn Care

Tenant Expenses: All Utilities

Listing Office: BARKER REALTY CO

Last Updated: March - 09 - 2020

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.