NOT LISTED FOR SALE

755 Schaeffer St Christiansburg, VA 24073

-- Bed
-- Bath
6,040 Sq Ft
-- Built

Last Sold July 02, 2019

Last sale price $342,000 $57 Per Sq Ft

6 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • Carpet
  • Central Air

About This Home

As of July 2019

Here's an opportunity to own a multi-family unit in an increasingly competitive high return investment area. The units do need some work but they are full, and the tenants are happy. Some have been there five-six years and one for fifteen years. The current rental rates are well below market for the area. With improvements, this 5 unit grosses $43,200 annually. The units have large rooms, heat pumps, insulated windows, and open floor plans. The front steps were just completed. There are some new hot water tanks and one new heat pump. Finding these multi-family units are becoming difficult.

Last Agent to Sell the Property

Brian McHone

RE/MAX 8 - Blacksburg License #0225077871 Listed on: 03/22/2019

Last Buyer's Agent

Brian McHone

RE/MAX 8 - Blacksburg License #0225077871 Listed on: 03/22/2019

Property Details

Home Type

  • Apartment

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Trim

Interior Spaces

  • 6,040 Sq Ft Home
  • Carpet

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 023709

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Apartment

Lot Details

0

Listing Details

  • Class: Multifamily
  • County Or City: Montgomery
  • Deed Bk Pg Instrumnt: 0685-0690
  • Is The Power On: Yes
  • Is The Water On: Yes
  • Legal Description: SHAFFER ST LOT 2
  • Lvt Date: 03/22/2019
  • Miscellaneous: 2 Bedroom Units, Air Conditioned, Appliances Included, Indiv Ldry Facility
  • Parcel Nbr: 023709
  • Property Sub Type: Apartment Building
  • Total Gross Building Area: 6720
  • Estimated Finished Sq Ft: 6040
  • Amenities: Cable Tv
  • Owner Annual Inc Exp Ins: 1800
  • Owner Annual Inc Exp Law: 800
  • Owner Annual Inc Exp Sno: 100
  • Special Features: None

Interior Features

  • Water Heater: Electric
  • Flooring: Carpet
  • Basement: Tenant Use

Exterior Features

  • Exterior Finish: Brick, Vinyl
  • Roofing: Shingle

Garage/Parking

  • Parking: Off Street Parking

Utilities

  • Air Conditioner: Central Electric
  • Heating: Heat Pump
  • Sewer: Public System
  • Water: Public Water

Condo/Co-op/Association

  • HOA: None

Schools

  • School District: Montgomery County
  • Elementary School: Christiansburg
  • Middle School: Christiansburg
  • High School: Christiansburg

Multi Family

  • Units: 5

Range of Values:

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List Price
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 List to Sale Price per Sq Ft
07/02/2019 07/02/19 Sold $342,000 -4.7% $57 / Sq Ft
03/28/2019 03/28/19 Pending -- -- --
03/22/2019 03/22/19 For Sale $359,000 -- $59 / Sq Ft
Source: New River Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brian McHone

    Seller's Agent in 2019

    Brian McHone

    RE/MAX

    (540) 239-5901

    47 in this area

    157 Total Sales

    Brian McHone
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Map

Source: New River Valley Association of REALTORS®

MLS Number: 404778

New River Valley Association of REALTORS®
Virginia Montgomery County Christiansburg 24073

755 Schaeffer St, Christiansburg, VA

This home is located at 755 Schaeffer St, Christiansburg, VA 24073 since 22 March 2019. 755 Schaeffer St is a home located in Montgomery County with nearby schools including Christiansburg Primary School, Christiansburg Elementary School, and Christiansburg Middle 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.

New River 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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