911 Palace CT, Martinsville, VA 24112 (MLS# 900555)


$550,000
911 Palace CT
Martinsville, VA 24112
MLS# 900555



911 Palace CT, Martinsville, VA 24112
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911 Palace CT, Martinsville, VA 24112 911 Palace CT, Martinsville, VA 24112 911 Palace CT, Martinsville, VA 24112 911 Palace CT, Martinsville, VA 24112 911 Palace CT, Martinsville, VA 24112 911 Palace CT, Martinsville, VA 24112

Property Description
***GREAT INVESTOR OPPORTUNITY*** This multifamily consists of 8 units - all except one is currently rented. Property has been professionally managed and is a newer build! This 8-Unit comes with plenty of parking and at the end of a cul-de-sac. Units are a mix of 2Bd/1Ba and 3Bd/1Ba. Each unit has it's own washer/dryer hookups.

Details
Contract Information
Current Price: $550,000
List Price: $550,000
List Date: 2023-08-08
Status: Pending
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1991
Present Use: Built-As
Number of Units: 8
# Unfurnished: 8
# Leased Units: 7
Gross Bldg SQFT: 4762
Total Acreage: 0.77
Basement Y/N: Yes
Basement: Partial Basement
Parking Description: Private (1 - 9)
Operating Expense: 8536.51
Net Operating Income: 52333.49
Gross Income: 60870
Water Class: N/A
Location, Legal & Taxes
Major Area: 13 - City of Martinsville
Area: 1300 - City of Martinsville
Street Number: 911
Street Name: Palace
Street Suffix: CT
State/Province: VA
Zip Code: 24112
Subdivision: N/A
Lot: 34
Municipality: City of Martinsville
Tax ID: 07080034
Annual Taxes: 1538.81
POA Y/N: No
Elementary School: Other - See Remarks
Middle School: Other - See Remarks
High School: Other - See Remarks
Remarks & Misc
Directions: Liberty St to Clearview Dr to Left on Royal Dr to Left on Palace Ct. Property is on the Left
Status Change Info
Ratified Contract Dt: 2024-02-09
Expenses
Tax Exp: 1538.81
Insurance Exp: 2199.5
Water Exp: 4798.2
Property Features
Limited Service: Not Limited Service
Construction: Brick; Vinyl
Heating: Heat Pump Electric
Cooling: Central Cooling
Water Description: Public Water
Sewer Description: Public Sewer
Lease Type: One Year; Month-to-Month
Owner Expenses: Lawn Care; Water
Tenant Expenses: Electricity

Listing Office: MOUNTAIN VIEW REAL ESTATE LLC

Last Updated: February - 10 - 2024


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