$396,000
SOLD AUG 6, 2024

905 Palace Ct Martinsville, VA 24112

-- Bed
-- Bath
5,610 Sq Ft
1 Acres

Recently Sold

$71 Per Sq Ft

18% Below List Price

About This Home

As of August 2024

Cash flowing Multifamily on a culd-a-sac road. Don't miss your opportunity to build your portfolio with this gem of a property!

Last Agent to Sell the Property

Alex Taylor

MAC WESTLAND REAL ESTATE GROUP License #0225264716 Listed on: 04/10/2024

Last Buyer's Agent

Non Member Transaction Agent

Non-Member Transaction Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,485

Year Built

  • Built in 1988

Lot Details

  • 1 Acre Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,610 Sq Ft Home
  • Crawl Space

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 37

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units
  • Operating Expense $6,828
  • Gross Income $43,380
  • Net Operating Income $36,552

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,485

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Central Cooling
  • CondoAssocYN: No
  • Major Area: 13 - City of Martinsville
  • NumberLeasedUnits: 6.00
  • NumberUnfurnished: 6.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2024-04-10
  • TotalAnnualExpen: 6828.30
  • 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: 1.00
  • Lot: 37

Building Info

  • Year Built: 1988

Tax Info

  • Taxes (6 mo): 1485.00
  • FILLTAXID: 07 (08 )00 /37

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 6.00
  • Multi Family Type: Apartments

MLS Schools

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

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
08/06/2024 08/06/24 Sold $396,000 -6.8% $71 / Sq Ft
08/05/2024 08/05/24 Sold $425,000 -51.1% $76 / Sq Ft
07/06/2024 07/06/24 Pending -- -- --
04/10/2024 04/10/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $870,000 +81.3% $155 / Sq Ft
04/10/2024 04/10/24 For Sale $480,000 -- $86 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2024

    Non Member Mls

    NON MEMBER OFFICE

  • Alex Taylor

    Seller's Agent in 2024

    Alex Taylor

    MAC WESTLAND REAL ESTATE GROUP

    (540) 522-8757

    97 Total Sales

    Alex Taylor
    Section Image

  • A

    Buyer's Agent in 2024

    Ann Heffinger

    HAUSER REALTY GROUP

    (434) 792-3000

    24 Total Sales

    Ann Heffinger
    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: 906552

Roanoke Valley Association of REALTORS®

Virginia Martinsville County Martinsville 24112

905 Palace Ct, Martinsville, VA

This home is located at 905 Palace Ct, Martinsville, VA 24112 and is currently priced at $396,000, approximately $70 per square foot. This property was built in 1988. 905 Palace Ct 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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