Two-Unit
For Sale
$179,256
28-30 Hillcrest AVE NE, Roanoke, VA 24012
Both residences are currently occupied.
Property Size1,250 SF
Lot Size4.50 Acres
Price / SF$143.40
Days on Market937
Property Features for 28-30 Hillcrest AVE NE
General Information
Standard status
Active
Size
1,250 SF
Net Rentable
68,400 SF
Class
Class B
Total Parking Spaces
126
Elevators
No
Lot size
4.50 Acres
Property subtype
Duplex
Zoning
R-4
Occupancy
94%
Net Operating Income
$620,000
Financials
Asking Price
$10,780,000
Cap Rate
5.75%
Gross Income
$1,120,000
Gross Rent Multiplier
10.2
Average Monthly Rent
$1,090
HOA Fee
$970
Opportunity Zone
No
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
12 x studio, 48 x 1BR/1BA, 24 x 2BR/2BA
Multifamily Units
64
Parking per Unit
1.5
RV Sites
8
Mobile Home Lots
12
Park-Owned Homes
1
Individually Metered Utilities
electricity, water
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Furnished
No
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$1,383
Amenities
pool
fitness center
on-site laundry
Building Details
Building Size
1,250 SF
Year Built
1967
Year Renovated
2022
Buildings
3
Stories
2
Construction
garden-style
Tenancy
Multi
Abandoned
No
Listing Agency:
MKB, REALTORS(r)
Listed By:
COURTNEE W BISHOP · License #0225249700
(540) 797-4432
Source:
Westlandsells
Added: Apr 10, 2024
Changed: Nov 2
Last Checked: Nov 1 at 3:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MKB, REALTORS(r)
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Investment Insights
Based on property information with market context.
This duplex contains two occupied residences and was built in 1967. The property is located at 28-30 Hillcrest Ave NE in Roanoke, Virginia.
Key Highlights
- Both units are occupied
- Built in 1967
Property Analytics
Lease Details
64
Residential units
94%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 24012, VA
30,037
Population
13,455
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
87%
High-School Grad
20.3 sq mi
ZIP Area
1,480
Density / Sq Mi
$51,002
Median Household Income
$39,079
Median Earnings
$1,002
Median Rent
$177,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are currently occupied.
Where is this duplex located?
The property is located at 28-30 Hillcrest AVE NE Roanoke, VA.
What is the asking price?
The asking price for this property is $179,256.
What are key features of this property?
This property features: Both units are occupied; Built in 1967
