NOT LISTED FOR SALE

1326 Maple Ave SW Roanoke, VA 24016

Old Southwest Neighborhood
4 Beds
4 Baths
4,502 Sq Ft
7,405 Sq Ft Lot

Last Sold April 05, 2017

Last sale price $191,000 $42 Per Sq Ft

14 Days on Market

About This Home

As of April 2017

One of the grand gems of Old SW, this property offers investors great cash flow potential combined with elegant architecture, featuring striking columns with original capitals & amazing porches overlooking downtown. Located near the hospital in the core growth corridor of the city, the property features tons of upside with over 4,000 SF of living space & rents significantly under market. The owner has just remodeled one unit to showcase the property potential, adding granite counters, new tile in kitchens & bath, new designer cabinets, and refinished hardwood floors. Other upgrades include fully separate electric, separate heat pump HVAC systems, & energy efficient vinyl windows. Priced below assessment and comps, the property affords significant value add potential.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,688

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 4,502 Sq Ft Home
  • Partial Basement

Schools

  • Highland Park Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heating
  • Legal Lot and Block 5 / 7

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Old Southwest Subdivision

Building Details

  • 3 Leased Units
  • Electric Expense $600
  • Insurance Expense $1,200
  • Maintenance Expense $2,480
  • Water Sewer Expense $1,440
  • New Taxes Expense $2,688
  • Operating Expense $8,407
  • Gross Income $26,100
  • Net Operating Income $16,388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,688

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Central Cooling
  • ExpensesTaxExp: 2688.00
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 4.00
  • NumberVehicleSpaces: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2017-01-31
  • SubdivisionMap: N Pt
  • TotalAnnualExpen: 8407.00
  • Water Class: N/A
  • 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: 1440.00
  • Water Description: Public Water

Schools

  • Elementary School: Highland Park
  • Middle School: James Madison
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 50x150
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.17
  • Lot: 5
  • ZoningCode: MX

Building Info

  • Year Built: 1900

Tax Info

  • Taxes (6 mo): 2688.00
  • FILLTAXID: 1031707

Multi Family

  • Tenant Pays: Air Conditioning, Electricity, Heating
  • Units In Building: 4.00
  • Multi Family Type: Quad

MLS Schools

  • Elementary School: Highland Park
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Range of Values:

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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
04/05/2017 04/05/17 Sold $191,000 -6.8% $42 / Sq Ft
01/31/2017 01/31/17 Pending -- -- --
01/17/2017 01/17/17 For Sale $205,000 -- $46 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 833215

Roanoke Valley Association of REALTORS®

APN: 103-1707

Virginia Roanoke City County Roanoke 24016 Old Southwest

1326 Maple Ave SW, Roanoke, VA

This home is located at 1326 Maple Ave SW, Roanoke, VA 24016 since 17 January 2017. This property was built in 1900. 1326 Maple Ave SW is a home located in Roanoke City with nearby schools including Highland Park 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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