NOT LISTED FOR SALE

2920 Epperley Ave NW Unit 2920-2952 Roanoke, VA 24012

Roundhill Neighborhood
-- Bed
-- Bath
17,170 Sq Ft
0.81 Acres

Last Sold May 12, 2017

Last sale price $917,500 $53 Per Sq Ft

199 Days on Market

Highlights

  • 0.81 Acre Lot
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of May 2017

Built in 1997 & meticulously maintained by a single owner, the Andrew Alan Court Apartments are situated along the Williamson Road corridor just South of Hershberger. Two attractive brick buildings with newer architectural shingle roofs house fourteen 2 BR 1.5 BA, townhouse-style units that are over 1,000 SF each. Tenant amenities include features such as garbage disposals, dishwashers, & in unit w/d hook-ups. Many upgrades have been completed over the years, including tile flooring in some kitchens & baths. Electric is metered separately & the units feature central air with gas heat & electric cooling. There is one water meter for the property, which is paid by the owner. The property is currently 100% leased with all units rented at $700, making this a turnkey opportunity for investors.

Last Buyer's Agent

Bill Kern

MKB, REALTORS(r) License #0225074357

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,451

Year Built

  • Built in 1997

Lot Details

  • 0.81 Acre Lot

Home Design

  • 17,170 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Schools

  • Preston Park Elementary School
  • James Breckinridge Middle School
  • William Fleming High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 19-21 / 1

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Building Details

  • 14 Leased Units
  • Operating Expense $34,725
  • Gross Income $117,600
  • Net Operating Income $76,982

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,451

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 14.00
  • NumberUnfurnished: 14.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2017-03-17
  • TotalAnnualExpen: 34725.00
  • 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
  • Water Heater Type: Tank

Schools

  • Elementary School: Preston Park
  • Middle School: James Breckinridge
  • High School: William Fleming

Lot Info

  • Lot Dimensions: Irregular
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.81
  • Lot: 19-21
  • Present Use: Built-As
  • ZoningCode: RMF

Building Info

  • Year Built: 1997

Tax Info

  • Taxes (6 mo): 10451.00
  • FILLTAXID: 2160613, 2160614, 2160612

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Electricity, Gas
  • Units In Building: 14.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Preston Park
  • HighSchool: William Fleming
  • Middle School: James Breckinridge

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 List to Sale Price per Sq Ft
05/12/2017 05/12/17 Sold $917,500 -7.8% $53 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
08/30/2016 08/30/16 For Sale $995,000 -- $58 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 829990

Roanoke Valley Association of REALTORS®

APN: 216-0613