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Calhoun Townhomes 130-140 W Calhoun St

5 Unit Apartment Building $1,950,000 ($390,000/Unit) Salem, VA 24153

Investment Highlights

  • Low HOA cost
  • 4 Bedrooms each with en suite full bathroom
  • Easy access to interstate, restaurants & shopping
  • Maintenance free exterior
  • Close to all Medical facilities and nearby colleges

Executive Summary

Great investments opportunity. 5 units (130, 132, 134, 138,140), one leased $2695/mth. Call to schedule showings. HOA covers outside grounds. Each unit pays $500/year in its present HOA set up. There are 6 units and one has sold leaving 5 units, all utilities are metered separately. Tax IDs:122-9-1.1;122-9-1.2;122-9-1.3;122-9-1.5;122-9-1.6;122-9-1

Property Facts

Price $1,950,000
Price Per Unit $390,000
Sale Type Investment
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Townhome
Building Class C
Lot Size 0.86 AC
Building Size 10,454 SF
Average Occupancy 20%
No. Stories 2
Year Built 2023
Parking Ratio 0.29/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Ceiling Fans
  • Double Vanities
  • Eat-in Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Breakfast Nook
  • Family Room
  • Island Kitchen

Site Amenities

  • Trash Pickup - Curbside

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+4 5 $2,745 2,078 - 2,110
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 122-9-1
  • 122-5-5
Land Assessment
$655,900
Improvements Assessment
$1,367,500
Total Assessment
$2,023,400

zoning

Zoning Code RMF (Residential Multi-family)
RMF (Residential Multi-family)
  • Listing ID: 31890788

  • Date on Market: 5/22/2024

  • Last Updated:

  • Address: 130-140 W Calhoun St, Salem, VA 24153

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