NOT LISTED FOR SALE

477 Ivanhoe Rd Max Meadows, VA 24360

39 Beds
2 Baths
16,000 Sq Ft
4.2 Acres

Last Sold January 22, 2021

Last sale price $1,000,000 $62 Per Sq Ft

258 Days on Market

Highlights

  • 4.2 Acre Lot
  • Newly Painted Property
  • Central Heating and Cooling System
  • Mature Trees
  • Paneling
  • Ceiling Fan

About This Home

As of January 2021

These units are rented and ready for you to bring in the income. 20 units in 6 buildings located just across the road from each other. Located just off I-81 and I-77 for convenience to the interstates, schools and shopping. All units have been updated and are nice. Call today to view and for more information.

Last Agent to Sell the Property

Judy Short

Weichert Realtors-Short Way Real Estate License #0225045099 Listed on: 02/03/2020

Weichert Realtors-Short Way Real Estate

Last Buyer's Agent

Carmen Gravely

Long & Foster-Blacksburg License #0225214699

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,245

Year Built

  • Built in 1992

Lot Details

  • 4.2 Acre Lot
  • Mature Trees
  • Property is in good condition

Home Design

  • Newly Painted Property
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 16,000 Sq Ft Home
  • Paneling
  • Ceiling Fan
  • Insulated Windows
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry on main level

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 39 Bedrooms
  • 2 Bathrooms

Parking

  • Gravel Driveway
  • Open Parking

Schools

  • Max Meadows Elementary School
  • Fort Chiswell Middle School
  • Fort Chiswell High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Not Available
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

Overview

  • 20 Units

Building Details

  • Gross Income $9,605
  • Net Operating Income $9,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,245

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 4.2
  • Lot Size: 4.2 ac
  • Road Surface Type: Paved
  • Directions: I-81N, Exit 80. Right off exit to light. Turn right on Rt 94, Ivanhoe Road. Go about 1 miles. Units on the left and right. No sign
  • Above Grade Finished Sq Ft: 16000
  • Structure Type: Multiple Buildings, Up & Down, Other-See Remarks
  • Year Built: 1992
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator, Electric Water Heater, 1 Bdrm-Dishwasher, 2 Bdrm-Dishwasher, 1 Bdrm-Stove, 2 Bdrm-Stove, 1 Bdrm-Refrigerator, 2 Bdrm-Refrigerator
  • Has Basement: Crawl Space
  • Total Bedrooms: 39
  • Fireplace Features: None
  • Flooring: Vinyl, Carpet, Newer Floor Covering
  • Interior Amenities: Paneling, Ceiling Fan(s), Newer Paint
  • Living Area: 16000
  • Window Features: Insulated Windows

Exterior Features

  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Vinyl Siding, Brick, Dry Wall
  • Exterior Features: Mature Trees
  • Property Condition: Exterior Condition: Good, Interior Condition: Good
  • Roof: Shingle

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Gravel

Utilities

  • Laundry Features: Main Level
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Central, Heat Pump
  • Heating Yn: Yes
  • Electric: Separate Meters
  • Sewer: Septic Tank
  • Utilities: Cable Connected, Natural Gas Not Available
  • Water Source: Public

Schools

  • Elementary School: Max Meadows
  • High School: Fort Chiswell
  • Middle Or Junior School: Fort Chiswell

Lot Info

  • Lot Size Sq Ft: 182952
  • Zoning: none
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 20
  • Annual Gross Income: 9605
  • Property Net Operating Income: 9605
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 5245.02
  • Tax Lot: 0
  • Tax Map Number: 44-25C
  • Tax Year: 2019

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
01/22/2021 01/22/21 Sold $1,000,000 -16.7% $63 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $1,199,900 -- $75 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 72875