NOT LISTED FOR SALE

1811 Mulberry St Unit & 1813, 1815 Salem, VA 24153

-- Bed
-- Bath
2,841 Sq Ft
4,792 Sq Ft Lot

Last Sold July 15, 2021

Last sale price $140,000 $49 Per Sq Ft

26 Days on Market

Highlights

  • No HOA
  • Salem High School Rated A-
  • Baseboard Heating

About This Home

As of July 2021

Cash cow. Current rents $570,$505,$650. Gross income based on Current Rents. Water/sewer based on 2020 actual $2069. Taxes estimated by agent $1386. Yard maintenance 2020 Actual -$480, Insurance 2020 actual-$1017. 1815 Mulberry used to be a store; it has a tar and gravel built up roof, a rubber membrane over it and a metal roof over it. The drop ceiling was removed to easily spot any leaks. The unit now has a modern Industrial feel. The property is being sold ''as is, where is''.

Last Agent to Sell the Property

Neal Wall

JMAX PROPERTY MANAGEMENT LLC License #0225132557 Listed on: 04/19/2021

Last Buyer's Agent

Nick Beasley

LICHTENSTEIN ROWAN, REALTORS(r) License #0225118719

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,386

Year Built

  • Built in 1945

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • 2,841 Sq Ft Home
  • Triplex
  • Slab Foundation

Schools

  • South Salem Elementary School
  • Andrew Lewis Middle School
  • Salem High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • Tax Lot Ept24-27

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Operating Expense $5,022
  • Gross Income $20,700
  • Net Operating Income $15,378

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,386

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric, Gas - Natural
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Window A/C
  • Major Area: 03 - City of Salem
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2021-05-15
  • SubdivisionMap: Salem Development
  • TotalAnnualExpen: 5022.00
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Schools

  • Elementary School: South Salem
  • Middle School: Andrew Lewis
  • High School: Salem High

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.11
  • Lot: Ept24-27

Building Info

  • Year Built: 1945

Tax Info

  • Taxes (6 mo): 1386.00
  • FILLTAXID: 202-2-3

Multi Family

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

MLS Schools

  • Elementary School: South Salem
  • HighSchool: Salem High
  • Middle School: Andrew Lewis

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/15/2021 07/15/21 Sold $140,000 -6.7% $49 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $150,000 +48.5% $53 / Sq Ft
11/20/2015 11/20/15 Sold $101,000 0.0% $45 / Sq Ft
10/22/2015 10/22/15 Pending -- -- --
08/31/2015 08/31/15 For Sale $101,000 -- $45 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Neal Wall

    Seller's Agent in 2021

    Neal Wall

    JMAX PROPERTY MANAGEMENT LLC

    (540) 309-3924

    6 in this area

    25 Total Sales

    Neal Wall
    Section Image

  • N

    Buyer's Agent in 2021

    Nick Beasley

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 314-3538

    1 in this area

    44 Total Sales

    Nick Beasley
    Section Image
  • Phillip Darnall

    Seller's Agent in 2015

    Phillip Darnall

    RE/MAX

    (540) 387-4200

    46 in this area

    89 Total Sales

    Phillip Darnall
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 878919

Roanoke Valley Association of REALTORS®

APN: 202-2-3

Virginia Salem City County Salem 24153

1811 Mulberry St Unit & 1813, 1815, Salem, VA

This home is located at 1811 Mulberry St Unit & 1813, 1815, Salem, VA 24153 since 19 April 2021. This property was built in 1945. 1811 Mulberry St Unit & 1813, 1815 is a home located in Salem City with nearby schools including South Salem Elementary School, Andrew Lewis Middle School, and Salem 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.

Nearby Homes