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Listed by MCLAREN GARTH WESTLAND MAC WESTLAND REAL ESTATE GROUP
$ 267,000
Est. payment /mo
New
420 Front AVE Salem, VA 24153
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 931240
HOA Y/N No
Year Built 1925
Annual Tax Amount $2,511
Acres 0.08
Property Sub-Type MultiFamily
Source Roanoke Valley Association of REALTORS®
Property Description
Don't miss this well-maintained 1925 duplex offering the opportunity to live in one apartment and rent out the other and also immediate income for the savvy investor Ideally situated in the City of Salem, this 2,242 sq. ft. property features two spacious 2 bedroom, 1 bath units 1,178 sq. ft. and 1,066 sq. ft. both currently occupied delivering steady rental income from day one. Each unit comes equipped with a refrigerator, electric range, and additional appliances (range hood/dishwasher in one unit, built-in microwave in the other), along with the comfort of central air and heat pump heating. Tenants are responsible for their own electric and water usage, helping keep ownership costs low, and the property benefits from public water and sewer service.
Conveniently located in Salem, this property offers tenants and future owners alike quick access to LewisGale Medical Center and the Salem VA Medical Center, along with Carilion Roanoke Memorial Hospital just minutes away in nearby Roanoke. Outdoor enthusiasts will love the proximity to hiking and biking trails, greenways, and the Roanoke River, plus easy access to the Blue Ridge Parkway and Appalachian Mountains. Salem's walkable, historic downtown offers local restaurants, breweries, and shops, while nearby Roanoke adds museums, arts, and additional urban amenities.
This is a low-maintenance addition to any rental portfolio. Conveniently located near South Salem Elementary, Andrew Lewis Middle, and Salem High School.
Conveniently located in Salem, this property offers tenants and future owners alike quick access to LewisGale Medical Center and the Salem VA Medical Center, along with Carilion Roanoke Memorial Hospital just minutes away in nearby Roanoke. Outdoor enthusiasts will love the proximity to hiking and biking trails, greenways, and the Roanoke River, plus easy access to the Blue Ridge Parkway and Appalachian Mountains. Salem's walkable, historic downtown offers local restaurants, breweries, and shops, while nearby Roanoke adds museums, arts, and additional urban amenities.
This is a low-maintenance addition to any rental portfolio. Conveniently located near South Salem Elementary, Andrew Lewis Middle, and Salem High School.
Location
State VA
County City Of Salem
Area 0.08
Direction From Main St turn onto 4th St, to Right onto Eddy Ave, to Left onto Front Ave.
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s), Storage
Heating Electric Heat Pump
Cooling Central Air
Fireplace No
Exterior
Garage No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools South Salem
Middle Schools Andrew Lewis
High Schools Salem High
Others
Tax ID 216-1-1
