NOT LISTED FOR SALE

3102 Williamson Rd NW Unit & 3106 Roanoke, VA 24012

Williamson Road Neighborhood
Studio
-- Bath
3,895 Sq Ft
20,038 Sq Ft Lot

Last Sold March 30, 2018

Last sale price $180,000 $46 Per Sq Ft

139 Days on Market

About This Home

As of March 2018

Located along a densely populated commercial arterial, these two brick buildings are situated on over a half acre of land on a corner lot. Property is currently established as five-unit multifamily rental with good rental and cash flow history. Zoning also allows for commercial use, including office or retail. Much of the original charm of these buildings, including original woodwork, casings, and six pocket doors remains intact. Rents are below market, creating upside both from top end revenue growth as well as expense reduction through separating HVAC systems

Last Agent to Sell the Property

Matthew Zimmerman

WALDVOGEL COMMERCIAL PROPERTIES License #0225229039 Listed on: 10/19/2017

Last Buyer's Agent

Mason McLeod

LICHTENSTEIN ROWAN, REALTORS(r) License #0225206597

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,054

Year Built

  • Built in 1930

Lot Details

  • 0.46 Acre Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,895 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

  • Window Unit Cooling System
  • Radiator

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block PT 15 & 16+ / 1

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Liberty Subdivision

Building Details

  • 4 Leased Units
  • Operating Expense $12,700
  • Gross Income $33,900
  • Net Operating Income $21,200

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,054

Year Built

Built in 1930

Lot Details

0.46 Acres

Listing Details

  • Heating System: Radiator Gas Heat, Radiator Oil Heat
  • Type: Multi-Family
  • Has Basement: Full Basement
  • Cooling System: Window A/C
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 4.00
  • NumberUnfurnished: 5.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 12700.00
  • 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
  • Water Description: Public Water

Lot Info

  • Lot Dimensions: See Comments Below
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.46
  • Lot: PT 15 & 16+
  • ZoningCode: CG

Building Info

  • Year Built: 1930

Tax Info

  • Taxes (6 mo): 3054.00

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 5.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Preston Park
  • HighSchool: William Fleming
  • Middle School: James Breckinridge
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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
03/30/2018 03/30/18 Sold $180,000 -9.5% $46 / Sq Ft
03/07/2018 03/07/18 Pending -- -- --
10/19/2017 10/19/17 For Sale $199,000 -- $51 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,897 $192,400 $76,900 $115,500
2024 $2,897 $192,400 $76,900 $115,500
2023 $2,832 $174,800 $69,800 $105,000
2022 $2,571 $174,800 $69,800 $105,000
2021 $2,133 $174,800 $69,800 $105,000
2020 $2,538 $174,800 $69,800 $105,000
2019 $2,498 $171,800 $69,800 $102,000
2018 $2,286 $155,700 $69,800 $85,900
2017 $1,912 $138,300 $52,400 $85,900
2016 $1,791 $129,100 $52,400 $76,700
2015 $1,665 $129,100 $52,400 $76,700
2014 $1,665 $0 $52,400 $76,700
Source: Public Records

Agents Affiliated with this Home

  • Matthew Zimmerman

    Seller's Agent in 2018

    Matthew Zimmerman

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 759-1884

    1 in this area

    36 Total Sales

    Matthew Zimmerman
    Section Image

  • M

    Buyer's Agent in 2018

    Mason McLeod

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 597-5595

    4 Total Sales

    Mason McLeod
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 842354

Roanoke Valley Association of REALTORS®

APN: 2070141

Virginia Roanoke City County Roanoke 24012 Williamson Road

3102 Williamson Rd NW Unit & 3106, Roanoke, VA

Not Listed for Sale

MultiFamily

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