3362 Brandywine Ave Roanoke, VA 24018
Cave Spring NeighborhoodHighlights
- No HOA
- Green Valley Elementary School Rated A-
- Baseboard Heating
About This Home
As of November 2015Rare offering of a brick 4 unit apartment building in SW County. This quad features spacious 1 BR units in a quiet neighborhood setting located less than a mile from Cave Spring Corners. Rents are drastically under market at $465/unit. With 4 units priced competitively with many of the recent duplex sales in the area, this property offers tremendous value & upside for investors or owner occupants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,756
Year Built
- Built in 1961
Lot Details
- Lot Dimensions are 48 x 144
Home Design
- Quadruplex
- Brick Exterior Construction
Interior Spaces
- 3,456 Sq Ft Home
- Partial Basement
Schools
- Green Valley Elementary School
- Hidden Valley Middle School
- Hidden Valley High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Water Heater
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 14
Community Details
Overview
- No Home Owners Association
- 4 Units
- Mount Vernon Heights Subdivision
Building Details
- 4 Leased Units
- Electric Expense $600
- Insurance Expense $1,200
- Maintenance Expense $2,120
- Water Sewer Expense $1,440
- New Taxes Expense $1,756
- Operating Expense $7,116
- Gross Income $22,320
- Net Operating Income $14,088
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/23/2015 11/23/15 | Sold | $195,000 | -13.3% | $56 / Sq Ft |
| 09/19/2015 09/19/15 | Pending | -- | -- | -- |
| 09/07/2015 09/07/15 | For Sale | $225,000 | -- | $65 / Sq Ft |
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 | $2,291 | $222,400 | $40,000 | $182,400 |
| 2024 | $2,228 | $214,200 | $40,000 | $174,200 |
| 2023 | $2,123 | $200,300 | $40,000 | $160,300 |
| 2022 | $2,132 | $195,600 | $40,000 | $155,600 |
| 2021 | $2,086 | $191,400 | $40,000 | $151,400 |
| 2020 | $2,071 | $190,000 | $40,000 | $150,000 |
| 2019 | $2,023 | $185,600 | $40,000 | $145,600 |
| 2018 | $1,875 | $181,100 | $40,000 | $141,100 |
| 2017 | $1,875 | $172,000 | $40,000 | $132,000 |
| 2016 | $1,760 | $161,500 | $36,000 | $125,500 |
| 2015 | $1,756 | $161,100 | $34,500 | $126,600 |
| 2014 | $1,765 | $161,900 | $34,500 | $127,400 |
Map
Source: Roanoke Valley Association of REALTORS®
MLS Number: 819082
APN: 077.10-05-31
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