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 Agent to Sell the Property

Garland Humphries, Jr

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

Last Buyer's Agent

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
  • 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

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

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
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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
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 View Prior Sale
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

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 $915 $107,600 $6,000 $101,600
2024 $915 $107,600 $6,000 $101,600
2023 $915 $107,600 $6,000 $101,600
2022 $628 $73,900 $6,000 $67,900
2021 $591 $73,900 $6,000 $67,900
2020 $591 $73,900 $6,000 $67,900
2019 $591 $73,900 $6,000 $67,900
2018 $591 $0 $0 $0
2017 $562 $0 $0 $0
2016 -- $73,900 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 879830

Roanoke Valley Association of REALTORS®

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