15 Lewis Ave, Salem, VA 24153

PLEASE SUBMIT ALL OFFERS BEFORE 5PM ON AUGUST 11. Unique 20-unit apartment community located in the heart of Salem, Virginia - An historic community in the Roanoke Valley. This southern gothic - Tudor style apartment building was constructed in 1932 and sits at the entrance of the popular Langhorne neighborhood. The building includes eight two-bedroom apartments, eight one-bedroom apartments and four studio apartments. Apartment features include high ceilings, hardwood floors, French doors and built in cabinetry. The property has maintained a history of strong occupancy with two additional attic apartments constructed in the last decade. The exterior features attractive brick and stone construction with a slate roof. All units have separate central heat and AC. ve central heating and air conditioning. In addition, the property includes several on site garages. This offering presents investors the unique opportunity to acquire a below market-rate rental property, within an upper income neighborhood. Salem offers a very stable rental market with vacancy rates under 5%, low unemployment, and a highly sought after school system. The property is located within walking distance to Roanoke College and Downtown Salem's Historic District. Easy access to shopping, restaurants and farmer's market. Owner financing may be available for qualified buyer.