For Sale
$1,400,000

1509 9Th StRoanoke, VA 24013

High-yield rental homes in Roanoke, VA.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a portfolio of ten single-family rental homes strategically located throughout Roanoke, Salem, and Elliston, Virginia. Eight properties are situated within Roanoke, with addresses spanning various neighborhoods, including 1509 9th St SE (24013), 921 Peck St NW (24017), 2023 Clinton Ave SE (24013), 2044 Clinton Ave SE (24013), 2203 Courtland Rd NE (24012), 548 Madison Ave NW (24016), 2718 Tremont Dr NW (24017), and 2813 Luray St NE (24012). The remaining two properties are located at 113 Brake Rd, Elliston (24087) and 732 Crystal Dr, Salem (24153). The portfolio boasts a 7.08% capitalization rate and a current net operating income (NOI) of $99,128, with 100% occupancy. The properties are classified as Class C and represent a stabilized investment. Many homes have undergone recent extensive renovations, ensuring excellent condition and strong rental history. This presents a compelling opportunity for immediate income generation, with potential for further rent increases. The portfolio offers flexibility

Highlights

  • 7.08% Cap Rate on Stabilized Net Operating Income.
  • Significant rental upside potential.

Property Details for 1509 9Th St

Property type
Residential income homes
Class
C

Location Insight

City
Roanoke
County
Roanoke
State
Virginia
Latitude
37.2605712
Longitude
-79.925807
1509 9Th St, Roanoke, Virginia

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1509 9Th St
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