216 E Main ST, Fincastle, VA 24090 (MLS# 897878)


$349,950
216 E Main ST
Fincastle, VA 24090
MLS# 897878



216 E Main ST, Fincastle, VA 24090
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216 E Main ST, Fincastle, VA 24090 216 E Main ST, Fincastle, VA 24090 216 E Main ST, Fincastle, VA 24090 216 E Main ST, Fincastle, VA 24090 216 E Main ST, Fincastle, VA 24090 216 E Main ST, Fincastle, VA 24090 216 E Main ST, Fincastle, VA 24090 216 E Main ST, Fincastle, VA 24090 216 E Main ST, Fincastle, VA 24090 216 E Main ST, Fincastle, VA 24090 216 E Main ST, Fincastle, VA 24090

Property Description
The historic Smith House Apartments is a great income producing investment in the heart of Fincastle. The 4 unit building contains a mix of 1, 2, and 3 bedroom units. It is currently under professional management. Walking distance to local shops and restaurants. Two units have been recently updated with fresh paint, new appliances, and refinished/new flooring. Buyer must provide proof of funds or preapproval letter prior to showing. Listing agent is part owner.

Details
Contract Information
Current Price: $349,950
List Price: $349,950
List Date: 2023-05-02
Status: Active
General Property Description
Multi-Family Type: Quad
Construction Status: Completed
Year Built: 1880
Number of Units: 4
# Unfurnished: 4
# Leased Units: 3
Gross Bldg SQFT: 3834
Lot Dimensions: 158x88
Total Acreage: 0.34
Basement Y/N: No
Basement: Crawl Space
Parking Description: Unpaved
# Vehicle Spaces: 6
Operating Expense: 11637.68
Net Operating Income: 15673.32
Gross Income: 27311
Water Class: N/A
Location, Legal & Taxes
Major Area: 07 - Botetourt County
Area: 0700 - Botetourt County
Street Number: 216
Street Direction Pfx: E
Street Name: Main
Street Suffix: ST
State/Province: VA
Zip Code: 24090
Subdivision: NA
Lot: 60
Municipality: Botetourt County
Tax ID: 73A(1)60&62B
Annual Taxes: 1685.07
POA Y/N: No
Elementary School: Breckinridge
Middle School: Central Academy
High School: James River
Remarks & Misc
Directions: From Roanoke take 81N to exit 150B then 220N, turn right onto W Main St. Property on the right.
Property Features
Limited Service: Not Limited Service
Construction: Wood
Heating: Heat Pump Electric
Cooling: Central Cooling
Water Description: Community System
Sewer Description: Community System
Owner Expenses: Trash Disposal; Water
Tenant Expenses: All Utilities

Listing Office: MOUNTAIN VIEW REAL ESTATE LLC

Last Updated: May - 15 - 2023


The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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