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Sold for $1,450,000 on 10/05/23
  • $1,450,000

    15 Lewis Ave, Salem, VA 24153

    --beds
    --baths
    15,276sqft
    Apartments
    Built in 1932
    -- sqft lot
    $1,739,300 Zestimate®
    $95/sqft
    $1,579 Estimated rent

    What's special

    PLEASE SUBMIT ALL OFFERS BEFORE 5PM ON AUGUST 11. Unique 20-unit apartment community located in the heart of Salem, Virginia - An historic community in the Roanoke Valley. This southern gothic - Tudor style apartment building was constructed in 1932 and sits at the entrance of the popular Langhorne neighborhood. The building includes eight two-bedroom apartments, eight one-bedroom apartments and four studio apartments. Apartment features include high ceilings, hardwood floors, French doors and built in cabinetry. The property has maintained a history of strong occupancy with two additional attic apartments constructed in the last decade. The exterior features attractive brick and stone construction with a slate roof. All units have separate central heat and AC. ve central heating and air conditioning. In addition, the property includes several on site garages. This offering presents investors the unique opportunity to acquire a below market-rate rental property, within an upper income neighborhood. Salem offers a very stable rental market with vacancy rates under 5%, low unemployment, and a highly sought after school system. The property is located within walking distance to Roanoke College and Downtown Salem's Historic District. Easy access to shopping, restaurants and farmer's market. Owner financing may be available for qualified buyer.

    Zillow last checked: 7 hours ago

    Listing updated: December 27, 2024 at 04:25am

    Listed by:

    Jason Noel Fountain 540-354-6456,

    WALDVOGEL COMMERCIAL PROPERTIES,

    Steve Zegarski 540-309-6738

    Bought with:

    Jason Noel Fountain, 0225077081

    WALDVOGEL COMMERCIAL PROPERTIES

    Steve Zegarski, 0225245213

    Source: RVAR,MLS#: 900382MLS Logo

    Facts & features

    Interior

    Heating
    • Has Heating (Unspecified Type)
    Cooling
    • Central Air
    Features
    • Basement: Partial
    Interior area
    • Total structure area: 15,276
    • Total interior livable area: 15,276 sqft

    Property

    Parking
    • Parking features: Private (1 - 9)
    Lot
    • Size: 1.41 Acres
    • Dimensions: 187 x 134
    Details
    • Parcel number: 12214, 12325
    • Zoning: RMF

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartments
    Materials
    • Brick, Stone
    Condition
    • Completed
    • Year built: 1932

    Utilities & green energy

    • Electric: 0 Phase
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Salem
    • Subdivision: Langhorne Place
    Services availability
    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $1,739,300
    2% more+ $34,786
    With Zillow Showcase(estimated)
    $1,774,086