NOT LISTED FOR SALE

809 Royal Dr Martinsville, VA 24112

-- Bed
-- Bath
2,808 Sq Ft
0.46 Acres

Last Sold April 12, 2024

Last sale price $192,500 $69 Per Sq Ft

About This Home

As of April 2024

***GREAT INVESTOR OPPORTUNITY*** This multifamily consists of 3 units - all units are currently rented. Property has been professionally managed and was built in 1990. This triplex comes with plenty of parking. Units are 2Bd/1Ba. Each unit has it's own washer/dryer hookups.

Last Agent to Sell the Property

Timothy Greenway

MOUNTAIN VIEW REAL ESTATE LLC License #0225230788 Listed on: 03/07/2024

Last Buyer's Agent

Non Member Transaction Agent

Non-Member Transaction Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $891

Year Built

  • Built in 1990

Lot Details

  • 0.46

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • 2,808 Sq Ft Home
  • Crawl Space

Additional Features

  • 0.46 Acre Lot
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Operating Expense $2,277
  • Gross Income $21,864
  • Net Operating Income $19,587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$891

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • Major Area: 13 - City of Martinsville
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2024-03-07
  • TotalAnnualExpen: 2277.43
  • Water Class: N/A
  • YardSign: No
  • 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

Schools

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.46
  • Present Use: Built-As

Building Info

  • Year Built: 1990

Tax Info

  • Taxes (6 mo): 891.00
  • FILLTAXID: 07 (08 )00 /42

Multi Family

  • Tenant Pays: Electricity
  • 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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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 Change Sq Ft Price
04/12/2024 04/12/24 Sold $192,500 -8.3% $69 / Sq Ft
03/07/2024 03/07/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $210,000 -- $75 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Timothy Greenway

    Seller's Agent in 2024

    Timothy Greenway

    MOUNTAIN VIEW REAL ESTATE LLC

    (540) 815-4161

    152 Total Sales

    Timothy Greenway
    Section Image

  • N

    Buyer's Agent in 2024

    Non Member Transaction Agent

    Non-Member Transaction Office

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 905559

Roanoke Valley Association of REALTORS®
Virginia Martinsville County Martinsville 24112

809 Royal Dr, Martinsville, VA

This home is located at 809 Royal Dr, Martinsville, VA 24112 since 07 March 2024. This property was built in 1990. 809 Royal Dr is a home located in Martinsville City with nearby schools including Albert Harris Elementary School, Martinsville Middle School, and Martinsville 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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