225 E Murray ST $799,000

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    225 E Murray ST Fincastle, VA 24090

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 882128
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    Views: 1 Days On Site: 11

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    Property Details

    12 unit apartment complex in very desirable location, Top apartment is former Central Academy school which was transformed to apartments in 1970, Great investment opportunity and income could rise as rent has not increased in the last 4 years! Recent upgrades include: Paved parking lot with individual parking spots painted. New metal roof on upper apartment building installed in 2020. New roof on lower apartment building installed in 2018. Ten new HVAC units out of the 12 installed within the last 5 years. New guttering on both buildings. Upper building has two 2 bedroom apartments, one two bedroom and 2 one bedroom apartments. Lower building has 7 two bedroom apartments.

    • General Features
      • Year Built 1970
      • Lease Type Month-to-Month
      • # of Vehicle Spaces 20.00
      • Owner Expenses Trash Disposal, Water
      • Tenant Expenses All Utilities, Cable TV, Deposit
      • Total Annual Expenses 11200.00
      • Gross Income 78720.00
      • Maintenance Expenses 1500.00
      • Electric Expenses 240.00
      • Water Expenses 3360.00
      • Tax Expenses 4298.00
      • Other Expenses 1800.00
      • Subdivision N/A
      • Area 0700 - Botetourt County
    • Building Features
      • Total Units 12.00
      • Gross Building SqFt 4590.00
      • # of Leased Units 12.00
      • # of Unfurnished Units 12.00
      • # of Furnished Units 0.00
      • Construction Vinyl, Wood
      • Basement Crawl Space
      • Cooling Central Cooling
      • Heating Heat Pump Electric
      • Interior Features Ceiling Fan, Storage
      • Misc Features Current Lease, Pet Allowed
    • Property Features
      • Total Acreage 1.15
      • Parking Description 10
      • Sewer Description Public Sewer
      • Water Class N/A
      • Water Description Public Water
    • Schools
      • Elementary School Breckinridge
      • Middle School Central Academy
      • High School James River

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    Neighborhood

    24090 (Fincastle) Demographics

    47 Median Age
    55 Population Density (per sq. mile)
    41% College Educated
    $67,636 Estimated Median Income
    1,696 Estimated Total Home Owners
    282 Estimated Total Renters
    86% / 14% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    5,217 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $290,000 Median Sales Price
    5 Homes Sold
    8 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $799,000
        7/21/2021 10:04:00 AM New in Database Source: Multiple Listing Service New Value: $799,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.