NOT LISTED FOR SALE

325 E Walnut St Covington, VA 24426

-- Bed
-- Bath
2,952 Sq Ft
1950 Built

Last Sold February 07, 2022

Last sale price $112,500 $38 Per Sq Ft

239 Days on Market

Highlights

  • City View
  • Forced Air Heating System
  • High Speed Internet
  • No HOA

About This Home

As of February 2022

Proven rental history for immediate and steady income production; this 4 unit apartment offers 2 bedrooms and one bath for each unit. Masonry construction. Hardwood flooring. Off-street parking. Heated with newer oil furnace.

Last Listed By

Garland Humphries, Jr

HIGHLANDS REALTY & ASSOCIATES LLC License #0225051318 Listed on: 05/13/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $591

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 32'x130'

Interior Spaces

  • 2,952 Sq Ft Home
  • City Views
  • Crawl Space

Parking

  • 5 Parking Spaces
  • Unpaved Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV
  • Legal Lot and Block 9 / 42

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Electric Expense $1,200
  • Fuel Expense $2,400
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • New Taxes Expense $591
  • Operating Expense $9,050
  • Gross Income $31,200
  • Net Operating Income $22,150

Property Details

Home Type

Apartment

Est. Annual Taxes

$591

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Heating System: Forced Air Oil
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Window A/C
  • Views: City
  • ExpensesOilExp: 2400.00
  • ExpensesTaxExp: 591.30
  • Internet Access: Cable, DSL
  • Major Area: 26 - City of Covington
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 4.00
  • NumberUnfurnished: 4.00
  • NumberVehicleSpaces: 5.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-01-07
  • TotalAnnualExpen: 9050.00
  • 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: Unpaved

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Other - See Remarks
  • Middle School: Other - See Remarks
  • High School: Other - See Remarks

Lot Info

  • Lot Dimensions: 32'x130'
  • Property Group Id: 19990816212116581394000000
  • Lot: 9
  • Present Use: Built-As

Building Info

  • Year Built: 1950

Tax Info

  • Taxes (6 mo): 591.30
  • FILLTAXID: 15---142--9--

Multi Family

  • Tenant Pays: Cable TV
  • Units In Building: 4.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

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 Change Sq Ft Price
02/07/2022 02/07/22 Sold $112,500 -3.8% $38 / Sq Ft
01/07/2022 01/07/22 Pending -- -- --
05/13/2021 05/13/21 For Sale $117,000 +568.6% $40 / Sq Ft
07/12/2019 07/12/19 Sold $17,500 -69.6% $6 / Sq Ft
06/24/2019 06/24/19 Pending -- -- --
12/05/2018 12/05/18 For Sale $57,500 -- $19 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Garland Humphries, Jr

    HIGHLANDS REALTY & ASSOCIATES LLC

    (540) 969-6904

    138 Total Sales

    Garland Humphries, Jr
    Section Image
  • DENNIS HAWES

    Seller's Agent in 2019

    DENNIS HAWES

    Home Realty Buena Vista

    (540) 461-5263

    123 Total Sales

    DENNIS HAWES
    Section Image

  • C

    Buyer's Agent in 2019

    Chip Lawhorne

    Home Realty Lexington

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 879830

Roanoke Valley Association of REALTORS®

APN: 15---142---9-

Virginia Covington City County Covington 24426

325 E Walnut St, Covington, VA

Homes for Sale in Covington, VA

This home is located at 325 E Walnut St, Covington, VA 24426 since 13 May 2021. This property was built in 1950. 325 E Walnut St is a home located in Covington City with nearby schools including Jeter-Watson Elementary School, Edgemont Primary School, and Covington 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.