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Listed by JASON NOEL FOUNTAIN INVESTORS REAL ESTATE PARTNERS LLC
$498,000
Est. payment /mo
Pending
501 Mountain SW AVE Roanoke, VA 24016
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Subdivision Old Southwest
MLS Listing ID 927031
HOA Y/N No
Year Built 1921
Annual Tax Amount $4,596
Acres 0.12
Property Sub-Type MultiFamily
Source Roanoke Valley Association of REALTORS®
Property Description
Six-unit multifamily in Roanoke's established Old Southwest neighborhood. Built in 1921, the ±4,556 SF building features six one-bedroom apartments across two floors, an unfinished basement, multiple units with private porches, and a gas boiler heating system. Currently 100% occupied with in-place rents 10-15% below market, offering immediate cash flow with clear upside as leases roll to market. Located on Mountain Avenue SW with close proximity to Carilion Clinic, downtown Roanoke, and the surrounding Old Southwest community.
Location
State VA
County City Of Roanoke
Community Old Southwest
Area 0.12
Direction 501 Mountain Ave SW Roanoke, VA 24016
Rooms
Basement Full
Interior
Heating Radiator - Gas Heat
Cooling Window Unit(s)
Fireplace No
Exterior
Garage No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Wasena
Middle Schools James Madison
High Schools Patrick Henry
Others
Tax ID 112-0828
Nearby Locations
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