515 8th St SW
Roanoke, VA 24016
The West End Flats · Multifamily Property For Sale
·
24 Units
PROPERTY FACTS
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.74 AC |
| Building Size | 19,336 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2016 |
| Parking Ratio | 1.34/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Courtyard
- Picnic Area
- Furnished Units Available
- Grill
- On-Site Retail
- Pet Play Area
- Smoke Free
- Bicycle Storage
ABOUT 515 8TH ST SW , ROANOKE, VA 24016
Multiple offers received. Highest and best due no later than 5 PM Tuesday, February 4th. Due to volume of interest, please call or text listing agent for more details. Tastefully renovated downtown luxury living with 24 residential all featuring granite counters, stainless steel appliances, dishwashers, in unit laundry, individual heat pumps, and elegant fixtures and finishes. In 2017, Few Old Goats microbrewery leased the available commercial space on premise and opened a popular tasting room and outdoor patio beer garden. Residents enjoy affordable, convenient apartment living close to downtown attractions such as the Jefferson Center for arts and entertainment, the Roanoke River Greenway and convenient access to major employers such as the VA Tech / Carilion Medical School and Roanoke Memorial Hospital. With other community amenities such as private off-street parking, community courtyard and BBQ and an off-leash pet area, the West End Flats offer a competitive leasing advantage over other downtown properties that creates reliable, long-term value for investors and an opportunity to acquire a stable, performing asset that will benefit from the continued growth and expansion of downtown Roanoke. See OM for full information.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 750 - 850 |
PROPERTY TAXES
| Parcel Number | 111-3111 | Improvements Assessment | $1,961,800 |
| Land Assessment | $248,100 | Total Assessment | $2,209,900 |
ZONING
| Zoning Code | (D) Downtown (Flexible Downtown Zoning) |
