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$480,000   Price Analysis
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905 Palace Ct
Martinsville, VA 24112
Unknown bed None bath 5,610 SqFt ($85/SqFt)
1.0 acre lot. Built 1988
Listed 2024-04-10, Taxes $1,247
USDA Eligible
near Martinsville, VA
 Restrictions may apply
due to home size

Cash flowing Multifamily on a culd-a-sac road.

* Sale Pending *

Don't miss your opportunity to build your portfolio with this g em of property!

Cash flowing Multifamily on a culd-a-sac road. Don't miss your opportunity to build your portfolio with this g em of property!


Presented by Alexandra Lee Taylor at
MAC WESTLAND REAL ESTATE GROUP.


Property MLS #906552 from Roanoke

Cooling Features: Central Cooling
Heating Features: Heat Pump Electric

Basement Description: Crawl Space

Garage Spaces: 19
Garage Description: Private (1 - 9)

Lot Size Acres: 1.0
Lot Size Square Feet: 43560

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 6

Number of Units Leased: 6
Tenant Pays: Electricity

Annual Tax Amount: 1485.00
Source Listing Status: Pending
County: City of Martinsville
Directions: Liberty St to Clearview Dr to Left on Royal Dr to palace Ct
Source Property Type: MultiFamily
Inclusions: 43380.00
Area: 1300 - City of Martinsville
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$108,000 + $12,000
$120,000
$1,247
2021$108,000 + $12,000
$120,000
$1,247
2020$108,000 + $12,000
$120,000
$1,274
2019$108,000 + $12,000
$120,000
$1,274

Listed 2024-04-10
$480,000
Roanoke
Sold 2022-01-27
$643,125
Public Record
Sold 2016-07-15
$828,700
Public Record
Listing removed 2014-01-01
$135,000
Martinsville
Listing removed 2014-01-01
$135,000
DanvilleVA
Listed 2013-10-11
$135,000
DanvilleVA
Price Changed 2013-06-17
$135,000
Martinsville
Listed 2013-03-30
$159,900
Martinsville
Listing removed 2011-12-31
$149,900
Martinsville
Price Changed 2011-09-23
$149,900
Martinsville
Listed 2011-09-01
$159,900
Martinsville

Net Operating Income: 36551.70

Total Square Feet Living: 5610
Year Built: 1988
Construction Materials: Brick, Vinyl
Property Age: 36
Property Condition: Completed
Structure Type: Apartments

Sewer: Public Sewer
Water Source: Public Water

Martinsville High School is a public high school located approximately 1 miles away.
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Martinsville Middle School is a public middle school located approximately 1.5 miles away.
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Albert Harris Elementary School is a public elementary school located approximately 1.7 miles away.
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White Oak School is a private elementary, middle and high school located approximately 1.3 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.