NOT LISTED FOR SALE

5681 Hollins Rd Unit 5681 & 5687 Roanoke, VA 24019

-- Bed
-- Bath
6,550 Sq Ft
0.89 Acres

Last Sold July 20, 2012

Last sale price $525,000 $80 Per Sq Ft

42 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Central Air

About This Home

As of July 2012

Two meticulously managed and well-maintained apartment buildings with great tenants, rental history, and cash flow. 8 units total. New 30 year roof in 2008 with many other improvements and renovations. Total annual net income is over $46,000. Investors, don't miss this opportunity. Current owner's diligent management has left these buildings in great shape and created steady rental demand.

Co-Listed By

Michael Waldvogel

WALDVOGEL COMMERCIAL PROPERTIES License #0225079460

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,476

Year Built

  • Built in 1989

Lot Details

  • 0.89 Acre Lot
  • Lot Dimensions are 174 x 222 x 174 x 229

Parking

  • 16 Parking Spaces

Interior Spaces

  • 6,550 Sq Ft Home
  • Mountain Views
  • Crawl Space

Schools

  • Mountain View Elementary School
  • Northside Middle School
  • Northside High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 1 & 2

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 7 Leased Units
  • Insurance Expense $1,066
  • Maintenance Expense $2,475
  • Other Expense $1,594
  • Water Sewer Expense $3,722
  • New Taxes Expense $4,475
  • Operating Expense $13,333
  • Gross Income $62,280
  • Net Operating Income $46,722

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,476

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Central Cooling
  • Views: Mountain
  • ExpensesOtherExp: 1594.00
  • ExpensesTaxExp: 4475.00
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 7.00
  • NumberUnfurnished: 8.00
  • NumberVehicleSpaces: 16.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2012-05-10
  • SubdivisionMap: Winter Properties
  • TotalAnnualExpen: 13332.97
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (10 or More)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 3722.36
  • Water Description: Public Water

Association/Amenities

  • Misc Features: Current Lease

Schools

  • Elementary School: Mountain View
  • Middle School: Northside
  • High School: Northside

Lot Info

  • Lot Dimensions: 174 X 222 X 174 X 229
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.89
  • Lot: 1 & 2
  • Present Use: Built-As

Building Info

  • Year Built: 1989

Tax Info

  • Taxes (6 mo): 4475.52
  • FILLTAXID: 028.13-02-08.01 & 028.13-02-08.02

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 8.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Mountain View
  • HighSchool: Northside
  • Middle School: Northside

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
07/20/2012 07/20/12 Sold $525,000 -8.7% $80 / Sq Ft
05/10/2012 05/10/12 Pending -- -- --
03/29/2012 03/29/12 For Sale $575,000 -- $88 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Waldvogel

    Seller Co-Listing Agent in 2012

    Michael Waldvogel

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 342-0800

    20 Total Sales

    Michael Waldvogel
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 780333

Roanoke Valley Association of REALTORS®

APN: 028.13-02-08.02-0000

Virginia Roanoke County Roanoke 24019

5681 Hollins Rd Unit 5681 & 5687, Roanoke, VA

This home is located at 5681 Hollins Rd Unit 5681 & 5687, Roanoke, VA 24019 since 29 March 2012. This property was built in 1989. 5681 Hollins Rd Unit 5681 & 5687 is a home located in Roanoke County with nearby schools including Mountain View Elementary School, Northside Middle School, and Northside 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.

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