1712 Grandin Rd SW - Apartments FOR SALE


Roanoke, VA 24015- Raleigh Court
$1,499,000 USD
540-354-6456
1712 Grandin Rd SW, Roanoke, VA for Sale
$1,499,000 USD
Apartments - FOR SALE
1/12
null | 5.82% Cap Rate

1712 Grandin Rd SW
Roanoke, VA 24015
Raleigh Court


HIGHLIGHTS

  • 12-unit multifamily in Roanoke's Grandin Village neighborhood
  • ?Mix of 1BR and 2BR units with 8 garage bays and shared laundry
  • Stabilized and income-producing with meaningful rent upside remaining

OVERVIEW

Stabilized 12-unit multifamily offered at $1,499,000 with a 5.81% cap rate on current income and a path to 8.64% at market rents. Current NOI of $87,176 grows to $129,520 with mark-to-market rent adjustments on a brick, income-producing asset in Roanoke's high-demand Grandin Village corridor.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

12

PRICE/UNIT

$124,917

CAP RATE

5.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1712 Grandin Rd SW Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

RMF

APN/PARCEL ID

144-0702

ASK ABOUT THIS PROPERTY

Jason Fountain, CCIMInvestors Real Estate PartnersMore Info
540-354-6456

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Jason Fountain, CCIMInvestors Real Estate PartnersMore Info
540-354-6456

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.