NOT LISTED FOR SALE

1141 Penmar Ave SE Roanoke, VA 24013

Morningside Neighborhood
3 Beds
3 Baths
1,492 Sq Ft
4,792 Sq Ft Lot

Last Sold November 03, 2016

Last sale price $89,000 $60 Per Sq Ft

75 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 4-minute walk to Morningside Park
  • Property is near schools

About This Home

As of November 2016

Good opportunity of owner-occupant. All units recently renovated and ready for lease. An amazing 14% Cap Rate! Washer-dryer connections in Unit 2. Has been a steady rental for 20 years. Refinished hardwoods on 1st floor. Off-street parking. Double home rear balconies. Walk to Jackson Park & Morningside Elem.Gas & water in main building paid by owner; Unit 3 tenant pays all utility costs. Expenses are estimated.

Last Agent to Sell the Property

Valerie Eagle

PARK PLACE REALTY INC License #0225043304 Listed on: 06/01/2016

Last Buyer's Agent

Rachele Hunley

POE & CRONK REAL ESTATE GROUP License #0225071327

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $852

Year Built

  • Built in 1925

Lot Details

  • 4,792

Parking

  • On-Street Parking

Home Design

  • Triplex

Interior Spaces

  • 1,492 Sq Ft Home
  • Basement
  • Crawl Space

Schools

  • Morningside Elementary School
  • Patrick Henry High School

Utilities

  • No Cooling
  • Forced Air Heating System

Additional Features

  • 4,792 Sq Ft Lot
  • Property is near schools

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Legal Lot and Block 13 / 2

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Morningside Subdivision

Building Details

  • Insurance Expense $700
  • Other Expense $1,000
  • Water Sewer Expense $600
  • New Taxes Expense $852
  • Operating Expense $4,352
  • Gross Income $20,340
  • Net Operating Income $15,988

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$852

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: No Cooling System
  • ExpensesGasExp: 1200.00
  • ExpensesOtherExp: 1000.00
  • ExpensesTaxExp: 852.00
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2016-08-15
  • TotalAnnualExpen: 4352.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Street

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 600.00
  • Water Description: Public Water

Association/Amenities

  • Misc Features: Walk to School

Schools

  • Elementary School: Morningside
  • High School: Patrick Henry

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.11
  • Lot: 13
  • Present Use: Converted

Building Info

  • Year Built: 1925

Tax Info

  • Taxes (6 mo): 852.00
  • FILLTAXID: 4140713

Multi Family

  • Tenant Pays: Electricity, Gas, Water
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

  • Elementary School: Morningside
  • HighSchool: Patrick Henry

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
11/03/2016 11/03/16 Sold $89,000 -19.1% $60 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
06/01/2016 06/01/16 For Sale $109,950 -- $74 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Valerie Eagle

    Seller's Agent in 2016

    Valerie Eagle

    PARK PLACE REALTY INC

    (540) 537-1808

    1 in this area

    63 Total Sales

    Section Image

  • R

    Buyer's Agent in 2016

    Rachele Hunley

    POE & CRONK REAL ESTATE GROUP

    83 Total Sales

    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 827068

Roanoke Valley Association of REALTORS®

APN: 414-0713

Virginia Roanoke City County Roanoke 24013 Morningside

1141 Penmar Ave SE, Roanoke, VA

This home is located at 1141 Penmar Ave SE, Roanoke, VA 24013 since 01 June 2016. This property was built in 1925. 1141 Penmar Ave SE is a home located in Roanoke City with nearby schools including Morningside Elementary School, John P Fishwick 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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