918 Central Ave - Multi-Family FOR SALE


Salem, VA 24153
$815,000 USD
540-580-6278
918 Central Ave, Salem, VA for Sale
$815,000 USD
Multi-Family - FOR SALE
1/55
null | Request Cap Rate

918 Central Ave
Salem, VA 24153


HIGHLIGHTS

  • Ample Parking
  • Well Maintained
  • Great Location

OVERVIEW

This well-maintained 7-unit brick apartment building is a solid income-producing asset in a highly desirable Salem location, where opportunities like this are few and far between. The property features 5 spacious 2-bedroom, 1 bath units and 2 larger 3-bedroom, 1.5-bath units, all currently tenant occupied. Unit 1 has been recently renovated, offering a fresh, updated living space and setting the tone for potential future upgrades. Convenient to downtown Salem, local parks, shopping, and dining. Don't miss your chance to own a quality multi-family building in one of the Roanoke Valley's most established markets. Rent roll and financials available upon request. Property is located in the flood zone.

FOR SALE DETAILS

PRICE

$815,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

7

PRICE/UNIT

$116,429

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Unit Apartment Building in Salem

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,515 SF

ZONING

RSF

APN/PARCEL ID

182-2-2

ASK ABOUT THIS PROPERTY

Andy MullinsRealStar RealtorsMore Info
540-580-6278

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

Andy MullinsRealStar RealtorsMore Info
540-580-6278

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