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4408 Lela Ave Ne, Roanoke, VA 24019

$89,000
: 2
BD
: 1
BA
: 728
SqFt

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List Price: $89,000
Days on Market: 7
Status: ACTIVE
MLS#: VARA2000052
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Living Area: 728
Lot Size (Acres): 1.3
Style: Ranch
Year Built: 1940
County: Roanoke City
School District: Roanoke City Public Schools

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Property Description

This charming 1940 Ranch-style residence presents a compelling investment opportunity, situated on a generous 1.3-acre lot. The property features a detached structure with two well-appointed bedrooms and a full bathroom, offering a solid foundation for rental income or future renovations. The partial basement provides additional storage or potential for expansion, enhancing the property's value. Constructed with durable aluminum siding, this home requires minimal maintenance, ensuring low overhead costs for investors. The expansive outdoor space allows for various possibilities, including landscaping enhancements or potential development, subject to local zoning regulations. With no pool and a straightforward layout, this property appeals to a broad rental market, ensuring consistent demand. The driveway parking accommodates multiple vehicles, adding convenience for tenants. This residence is not only a sound investment but also a canvas for future appreciation in a growing area. Seize this opportunity to diversify your portfolio with a property that promises both stability and potential returns.

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Additional Information

Subdivision: None Available
School District: Roanoke City Public Schools
Elementary School: Monterey
Middle School: James Breckinridge
High School: William Fleming
Heating: None
Cooling: None
Water: None
Sewer: Public Sewer
Basement: Partial