NOT LISTED FOR SALE

500 Clement St Unit 500, 502, 504 Radford, VA 24141

Estimated Value: $569,000

-- Bed
-- Bath
4,056 Sq Ft
$140/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $430,000 $106 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,382/month

4 Days on Market

Highlights

  • City View
  • Walk-In Closet
  • Ceiling Fan
  • No HOA
  • Property is near schools
  • High Speed Internet

About This Home

As of February 2022

This very nice Triplex is just two blocks from Radford University and is a great investment opportunity with No HOA Fees on a corner lot! Two units have 3BRs, 1.5BAs and was built in 2010. The third unit has 3BRs, 1BA and was totally remodeled in 2010 and is all on one level. Two units are currently rented and the third is move-in ready. Live in one unit and rent the other two or rent all three. Covered front porches, rear decks and 9 paved parking spots in the rear on a corner lot! The possibilities are endless.

Last Agent to Sell the Property

Darin Greear

LONG & FOSTER - NEW RIVER VALLEY License #0225086131 Listed on: 01/24/2022

LONG & FOSTER  - NEW RIVER VALLEY

Last Buyer's Agent

Non Member Transaction Agent

Non-Member Transaction Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,202

Year Built

  • Built in 2010

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100x130

Parking

  • 9 Parking Spaces

Home Design

  • Triplex

Interior Spaces

  • Walk-In Closet
  • 4,056 Sq Ft Home
  • Ceiling Fan
  • City Views
  • Crawl Space

Location

  • Property is near schools

Utilities

  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities, sewer, water
  • Month-to-Month Lease Term
  • Tax Lot 29-30-31-32

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • New Taxes Expense $2,202
  • Operating Expense $7,051
  • Gross Income $38,400
  • Net Operating Income $31,349

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,202

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan, Other - See Remarks, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Heat Pump Electric
  • Views: City
  • CondoAssocYN: No
  • ExpensesTaxExp: 2201.94
  • Internet Access: Cable, DSL
  • Major Area: 09 - City of Radford
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 3.00
  • NumberVehicleSpaces: 9.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-01-28
  • TotalAnnualExpen: 7051.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

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

Association/Amenities

  • Misc Features: Current Lease, Walk to School

Schools

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

Lot Info

  • Lot Dimensions: 100x130
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.30
  • Lot: 29-30-31-32

Building Info

  • Year Built: 2010

Tax Info

  • Taxes (6 mo): 2201.94
  • FILLTAXID: 10000796

Multi Family

  • Lease Type: Month-to-Month, One Year
  • Tenant Pays: All Utilities, Sewer, Water
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

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

Range of Values:

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Average Value
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Sold Price
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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
02/25/2022 02/25/22 Sold $430,000 +7.8% $106 / Sq Ft
01/28/2022 01/28/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $398,900 -- $98 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $3,460 $422,000 $47,000 $375,000
2024 $2,912 $422,000 $47,000 $375,000
2023 $2,371 $282,300 $42,300 $240,000
2022 $2,371 $282,300 $42,300 $240,000
2021 $2,371 $282,300 $42,300 $240,000
2020 $2,202 $282,300 $42,300 $240,000
2019 $2,192 $267,300 $42,300 $225,000
2018 $2,031 $267,300 $42,300 $225,000
2017 $2,031 $267,300 $42,300 $225,000
2016 $2,031 $267,300 $0 $0
2014 $1,995 $0 $0 $0
2013 $1,995 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 886468

Roanoke Valley Association of REALTORS®

APN: 3-4-SEC-C-29THRU32