NOT LISTED FOR SALE

265 Dent St Rocky Mount, VA 24151

-- Bed
-- Bath
8,800 Sq Ft
1980 Built

Last Sold January 21, 2021

Last sale price $640,000 $73 Per Sq Ft

80 Days on Market

About This Home

As of January 2021

12 unit 2 bedrooms each, all brick building, Last unit rented at 650/mo. Low maintenance investment, replacement cost would be well over 1.2 million , Has a laundry mat which is not being used; but, will bring in more revenue, there is more land that possibly could be cut into lots for homes, or another apartment building, seller selling in as is condition. All units rented as of 11/11/20 per owner Price is firm

Last Agent to Sell the Property

April McGhee

L T MCGHEE & CO License #0225246137 Listed on: 08/30/2020

Co-Listed By

Tammy Shepherd

SHEPHERD REALTY GROUP License #0225018594

Last Buyer's Agent

Steve Zegarski

VRC PROPERTIES LLC License #0225245213

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,562

Year Built

  • Built in 1980

Home Design

  • 8,800 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Schools

  • Lee M. Waid Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 3-7

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • Insurance Expense $2,435
  • New Taxes Expense $3,562
  • Operating Expense $18,814
  • Gross Income $79,020
  • Net Operating Income $60,206

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,562

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric
  • ExpensesTaxExp: 3562.00
  • Major Area: 04 - Franklin County
  • NumberLeasedUnits: 12.00
  • NumberUnfurnished: 12.00
  • Hoa2 Or Poa: No
  • SubdivisionMap: Menefee Heights
  • TotalAnnualExpen: 18814.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (10 or More)

Utilities

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

Association/Amenities

  • Misc Features: Laundry Facility, Maint-Free Exterior

Lot Info

  • Lot Dimensions: 200 x 150 approx
  • Property Group Id: 19990816212116581394000000
  • Lot: 3-7

Building Info

  • Year Built: 1980

Tax Info

  • Taxes (6 mo): 3562.00

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 12.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Lee M. Waid
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Prior Sale
01/21/2021 01/21/21 Sold $640,000 -1.4% $73 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
08/30/2020 08/30/20 For Sale $649,000 +23.6% $74 / Sq Ft
03/15/2019 03/15/19 Sold $525,000 -2.7% $45 / Sq Ft View Prior Sale
02/20/2019 02/20/19 Pending -- -- --
01/05/2019 01/05/19 For Sale $539,500 +13.6% $46 / Sq Ft
12/02/2015 12/02/15 Sold $475,000 -9.5% $40 / Sq Ft View Prior Sale
09/02/2015 09/02/15 Pending -- -- --
03/23/2015 03/23/15 For Sale $525,000 -- $45 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • April McGhee

    Seller's Agent in 2021

    April McGhee

    L T MCGHEE & CO

    (540) 314-1475

    1 in this area

    97 Total Sales

    April McGhee
    Section Image
  • Tammy Shepherd

    Seller Co-Listing Agent in 2021

    Tammy Shepherd

    SHEPHERD REALTY GROUP

    (540) 353-2012

    1 in this area

    277 Total Sales

    Tammy Shepherd
    Section Image
  • Steve Zegarski

    Buyer's Agent in 2021

    Steve Zegarski

    VRC PROPERTIES LLC

    (540) 309-6738

    1 in this area

    46 Total Sales

    Steve Zegarski
    Section Image
  • Jason Fountain

    Buyer Co-Listing Agent in 2021

    Jason Fountain

    VRC PROPERTIES LLC

    (540) 354-6456

    1 in this area

    57 Total Sales

    Jason Fountain
    Section Image

  • L

    Buyer's Agent in 2019

    Leon McGhee

    L T MCGHEE & CO

    (540) 343-5718

    54 Total Sales

    Leon McGhee
    Section Image
  • Adam Lynch

    Seller's Agent in 2015

    Adam Lynch

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 420-8657

    7 in this area

    66 Total Sales

    Adam Lynch
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 872857

Roanoke Valley Association of REALTORS®

APN: 207 00-335 00

Virginia Franklin County Rocky Mount 24151

265 Dent St, Rocky Mount, VA

Not Listed for Sale

MultiFamily

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