4622 Grandin Rd - Apartments FOR SALE


Roanoke, VA 24018- Deyerle
$1,795,000 USD
540-354-6456
4622 Grandin Rd, Roanoke, VA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/13
null | 5.2% Cap Rate

4622 Grandin Rd
Roanoke, VA 24018
Deyerle


OVERVIEW

Nestled in Roanoke's desirable Southwest corridor, this 12-unit apartment building offers investors an attractive blend of stability and upside potential. The property has been well maintained and features all-brick Colonial architecture, manicured grounds and spacious two-bedroom apartments. Current rents are below market, creating immediate potential for income growth. Residents enjoy a peaceful, park-like setting in the Oak Grove area just minutes from Lewis Gale Medical Center, Tanglewood Mall, and Electric Rd. (U.S. 419) commercial corridor, making it a consistently sought-after rental location.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

12

PRICE/UNIT

$149,583

CAP RATE

5.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colonial 12-Unit Multifamily with Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1977

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

RM-2

APN/PARCEL ID

509-0123

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.