1509 9Th St Roanoke, VA 24013

OFF-MARKET

Residential income homes

Property ID

US87-0405347

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This exceptional investment opportunity presents a portfolio of ten single-family rental homes strategically located throughout Roanoke, Salem, and Elliston, Virginia. Eight properties are situated within Roanoke, with addresses spanning various neighborhoods, including 1509 9th St SE (24013), 921 Peck St NW (24017), 2023 Clinton Ave SE (24013), 2044 Clinton Ave SE (24013), 2203 Courtland Rd NE (24012), 548 Madison Ave NW (24016), 2718 Tremont Dr NW (24017), and 2813 Luray St NE (24012). The remaining two properties are located at 113 Brake Rd, Elliston (24087) and 732 Crystal Dr, Salem (24153). The portfolio boasts a 7.08% capitalization rate and a current net operating income (NOI) of $99,128, with 100% occupancy. The properties are classified as Class C and represent a stabilized investment. Many homes have undergone recent extensive renovations, ensuring excellent condition and strong rental history. This presents a compelling opportunity for immediate income generation, with potential for further rent increases. The portfolio offers flexibility

Property type Residential income homes

UPID US87-0405347

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

1509 9Th St Roanoke, VA 24013

Roanoke metro

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6 recent transactions · within 1.5 mi

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