$110,000
SOLD OCT 23, 2014

1027 Ferdinand Ave SW Roanoke, VA 24016

Mountain View Neighborhood
-- Bed
-- Bath
1,769 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$62 Per Sq Ft

8% Below List Price

7 Days on Market

About This Home

As of October 2014

Here is your chance to invest in fully renovated, historically charming property near downtown without sacrificing cash flow potential. This triplex has seen lots of recent upgrades with all new wiring, lots of new plumbing, refinished hardwood floors & complete kitchen & bathroom updates. Property is fully rented & shows well. Don't miss this well-positioned, turnkey opportunity.

Co-Listed By

Jason Fountain

VRC PROPERTIES LLC License #0225077081

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $501

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 40x225

Parking

  • 6 Parking Spaces

Home Design

  • Triplex

Interior Spaces

  • 1,769 Sq Ft Home
  • Partial Basement

Schools

  • Wasena Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heating
  • Tax Lot 10

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Mountain View Subdivision

Building Details

  • 3 Leased Units
  • Insurance Expense $800
  • Maintenance Expense $1,824
  • Water Sewer Expense $840
  • New Taxes Expense $501
  • Operating Expense $4,625
  • Gross Income $19,200
  • Net Operating Income $14,575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$501

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Window A/C
  • ExpensesGasExp: 660.00
  • ExpensesTaxExp: 501.00
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 3.00
  • NumberVehicleSpaces: 6.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2014-09-29
  • TotalAnnualExpen: 4625.00
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 840.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Wasena
  • Middle School: James Madison
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 40x225
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.22
  • Lot: 10
  • ZoningCode: RM-1, H2

Building Info

  • Year Built: 1900

Tax Info

  • Taxes (6 mo): 501.00
  • FILLTAXID: 1113013

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Air Conditioning, Electricity, Heating
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

  • Elementary School: Wasena
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 For Sale $210,000 +90.9% $119 / Sq Ft
10/23/2014 10/23/14 Sold $110,000 -7.6% $62 / Sq Ft
09/29/2014 09/29/14 Pending -- -- --
09/22/2014 09/22/14 For Sale $119,000 +336.7% $67 / Sq Ft
10/25/2012 10/25/12 Sold $27,250 -16.2% $15 / Sq Ft
09/21/2012 09/21/12 Pending -- -- --
09/04/2012 09/04/12 For Sale $32,500 -- $18 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andre Palmer

    Seller's Agent in 2025

    Andre Palmer

    PALMER REALTY GROUP LLC

    (540) 793-0095

    76 Total Sales

    Section Image
  • Jason Fountain

    Seller Co-Listing Agent in 2014

    Jason Fountain

    VRC PROPERTIES LLC

    (540) 354-6456

    53 Total Sales

    Section Image
  • patrick lynch

    Seller's Agent in 2012

    patrick lynch

    CENTURY 21 WAMPLER REALTY

    (540) 793-0910

    54 Total Sales

    Section Image

  • R

    Buyer's Agent in 2012

    Ron Bensinger

    STAR CITY, REALTORS(r) LLC

    (540) 793-1251

    20 Total Sales

    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 808167

Roanoke Valley Association of REALTORS®

APN: 111-3013

Virginia Roanoke City County Roanoke 24016 Mountain View

1027 Ferdinand Ave SW, Roanoke, VA

This home is located at 1027 Ferdinand Ave SW, Roanoke, VA 24016 and is currently priced at $110,000, approximately $62 per square foot. This property was built in 1900. 1027 Ferdinand Ave SW is a home located in Roanoke City with nearby schools including Wasena Elementary School, James Madison Middle School, and Patrick Henry High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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