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    OFF-MARKET
    Commercial real estate

    2213 Bailey Ave, Salem, VA 24153

    3,848 SF 0.42 ac lot Built 1973
    Property ID
    US87-0519118
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a well-maintained, four-unit apartment building located at 2213 Bailey Ave, Salem, VA 24153. The property, built in 1973, boasts a total of 3,848 square feet situated on a 0.42-acre lot. The two-story building is currently 100% occupied and zoned RMF, offering significant potential for rental income. Each of the four spacious units features two bedrooms, one and a half bathrooms, a full walkout basement, and a private deck. Recent updates include new kitchen cabinets, tub/shower surrounds, toilets, and HVAC systems, ensuring both comfort and efficiency for tenants. The property's prime location in Salem, VA provides convenient access to local amenities and conveniences, making it an attractive option for renters. This multifamily property represents a solid addition to any investment portfolio. Financial details, including a rent roll, are available upon request. Don't miss this chance to acquire a well-maintained, high-performing investment property in a desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1973
    Total area 3,848 SF
    Lot 0.42 ac (18,295 SF)
    UPID US87-0519118
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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