NOT LISTED FOR SALE

290 Alleghany Spring Rd Unit & 292 Shawsville, VA 24162

-- Bed
-- Bath
21,978 Sq Ft
2.12 Acres

Last Sold June 23, 2021

Last sale price $1,050,000 $48 Per Sq Ft

1 Day on Market

About This Home

As of June 2021

Outstanding SW Virginia Investment Opportunity. 10 Apartments and 4 Townhomes fully-occupied. Former assisted living facility renovated for multi-family. New sprinkler system 2008,2 ADA apartment units, additional 2,300+ SF unfinished townhome ready for renovation. Massive positive cash-flow potential. Email agent for Confidential Offering Memorandum, Pro Forma and more information.

Last Agent to Sell the Property

Daniel Wickham

WALKER REAL ESTATE SOLUTIONS License #0225228275 Listed on: 03/25/2021

Last Buyer's Agent

Darrell Morris

POE & CRONK REAL ESTATE GROUP License #0225025559

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,500

Year Built

  • Built in 2008

Lot Details

  • 2.12 Acre Lot

Home Design

  • 21,978 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Schools

  • Eastern Montgomery Elementary School
  • Shawsville Middle School
  • Eastern Montgomery High School

Listing and Financial Details

  • Tenant pays for electricity, interior maintenance

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Building Details

  • 14 Leased Units
  • Operating Expense $53,050
  • Gross Income $144,210
  • Net Operating Income $83,706

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,500

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Heating System: Other - See Remarks
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Other - See Remarks
  • Major Area: 10 - Montgomery County
  • NumberLeasedUnits: 14.00
  • NumberUnfurnished: 14.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2021-03-26
  • TotalAnnualExpen: 53050.00
  • Water Class: N/A
  • 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

Schools

  • Elementary School: Eastern Montgomery
  • Middle School: Shawsville
  • High School: Eastern Montgomery

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 2.12

Building Info

  • Year Built: 2008

Tax Info

  • Taxes (6 mo): 8500.00
  • FILLTAXID: 012512

Multi Family

  • Tenant Pays: Electricity, Interior Maintenance
  • Units In Building: 14.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Eastern Montgomery
  • HighSchool: Eastern Montgomery
  • Middle School: Shawsville

Range of Values:

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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
06/23/2021 06/23/21 Sold $1,050,000 -4.5% $48 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $1,100,000 -- $50 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Daniel Wickham

    Seller's Agent in 2021

    Daniel Wickham

    WALKER REAL ESTATE SOLUTIONS

    (540) 525-3878

    1 in this area

    11 Total Sales

    Daniel Wickham
    Section Image
  • Darrell Morris

    Buyer's Agent in 2021

    Darrell Morris

    POE & CRONK REAL ESTATE GROUP

    (540) 353-6365

    1 in this area

    11 Total Sales

    Darrell Morris
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 878115

Roanoke Valley Association of REALTORS®
Virginia Montgomery County Shawsville 24162

290 Alleghany Spring Rd Unit & 292, Shawsville, VA

This home is located at 290 Alleghany Spring Rd Unit & 292, Shawsville, VA 24162 since 25 March 2021. This property was built in 2008. 290 Alleghany Spring Rd Unit & 292 is a home located in Montgomery County with nearby schools including Eastern Montgomery Elementary School, Shawsville Middle School, and Eastern Montgomery 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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