290 Alleghany Spring RD & 292, Shawsville, VA 24162
$1,050,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
92,347
Status:
Closed
Current Price:
$1,050,000
List Date:
3/26/2021
Last Modified:
1/15/2025
Description
Outstanding SW Virginia Investment Opportunity. 10 Apartments and 4 Townhomes fully-occupied. Former assisted living facility renovated for multi-family. New sprinkler system 2008,2 ADA apartment units, additional 2,300+ SF unfinished townhome ready for renovation. Massive positive cash-flow potential. Email agent for Confidential Offering Memorandum, Pro Forma and more information.
More Information MLS# 878115
General Property Description
Lot Dimensions: 0
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 2.12
# Furnished: 0
# Unfurnished: 14
# Leased Units: 14
Gross Bldg SQFT: 21978
Basement Y/N: No
Water Class: N/A
Parking Description: Private (10 or More)
Gross Income: 144210
Year Built: 2008
Number of Units: 14
Operating Expense: 53050
Net Operating Income: 83706
Location, Tax & Legal
Major Area: 10 - Montgomery County
Unit #: & 292
Phase: 0
Lot: 0
Block: 0
Tax ID: 012512
Annual Taxes: 8500
Section: 0
POA Y/N: No
Area: 1000 - Montgomery County
Street Number: 290
Street Name: Alleghany Spring
Street Suffix: RD
State/Province: VA
Zip Code: 24162
Subdivision: NA
Municipality: Montgomery County
Elementary School: Eastern Montgomery
Middle School: Shawsville
High School: Eastern Montgomery
Remarks & Misc
Directions: From US-11 S/US-460W out of Salem, VA: turn left onto Alleghany Spring Rd. Take first left into driveway and property is on far right.
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Vinyl: 1
Basement
Slab: 1
Heating
Other - See Remarks: 1
Cooling
Other - See Remarks: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Owner Expenses
Management Fee: 1
Sewer: 1
Water: 1
Tenant Expenses
Electricity: 1
Interior Maintenance: 1
Contract Information
Current Price: $1,050,000
Sold Price: $1,050,000
List Date: 2021-03-25
Status: Closed
Status Change Info
Ratified Contract Dt: 2021-03-26
Sold Date: 2021-06-23
Sold Price: $1,050,000
Property Features
Limited Service: Not Limited Service
Construction: Brick; Vinyl
Basement: Slab
Heating: Other - See Remarks
Cooling: Other - See Remarks
Water Description: Public
Sewer Description: Public Sewer
Owner Expenses: Management Fee; Water
Tenant Expenses: Electricity; Interior Maintenance
Listing Office:
POE & CRONK REAL ESTATE GROUP
Last Updated: January - 15 - 2025
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