1016 Lower Roanoke, VA 24013
- Apartment buildings
- 18,130 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1016 Lower
- Property size
- 18,130 SF
- Property type
- Apartment buildings
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roanoke
- County
- Roanoke
- State
- Virginia
- Longitude
- -79.9179
- Latitude
- 37.2699
