1325-1327 Clarke Ave SW

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1325-1327 Clarke Ave SW

Roanoke, VA 24016
Asking Price
$285K
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

RM-2 zoned multifamily development site with a renovated 2BR/1BA carriage house <ul><li>​Two contiguous parcels totaling approximately ±15,000 SF</li><li>​RM-2 zoning generally permits one dwelling unit per 1,000 SF of lot area</li><li>​Subject to H-2 Historic Overlay District requirements</li><li>​Renovated ±1,152 SF carriage house with 2BR/1BA townhome-style floorplan</li><li>​Carriage house positioned in the corner of the lot, preserving development flexibility</li><li>​Rear alley access</li><li>​Walkable Old Southwest location</li><li>​Between Downtown Roanoke and Caril

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NOI
$80,000
Cap Rate
28.07%
DSCR
4.73
Strong
Cash-on-Cash
73.78%
Monthly Payment
$1,410.024
Annual Cash Flow
$63,079.706

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