Details
Real Estate Auction | Roanoke, VA
Discover a rare opportunity to acquire three properties in one portfolio, all located in the City of Roanoke, Virginia — single-family homes offered at auction. The collection includes a renovated bungalow with updated interior finishes, a fully renovated ranch home on nearly an acre, and an as-is ranch home ready for a buyer’s finishing touches. All three properties are currently occupied, offering investors immediate cash-flow potential from day one. Properties will be offered individually, giving bidders the chance to acquire one, several, or the entire collection.
Property #1 - 1615 Syracuse Ave NW, Roanoke, VA 24017 | Appraised for $171,000! | Renovated 1923 brick bungalow, 1,431± SF above grade plus 1,331± SF basement, 3 bedrooms and 1 bath, situated on 0.15± acres
Property #2 - 3814 Vermont Ave NW, Roanoke, VA 24017 | Appraised for $161,000! | 1954 ranch, 864± SF, 2 bedrooms and 1 bath, situated on 0.15± acres
Property #3 - 2219 Ridgefield St NE, Roanoke, VA 24012 | Appraised for $187,000! | Fully renovated 1915 ranch, 1,134± SF, 2 bedrooms and 1 bath, situated on 0.89± acres with detached garage
Sale Date and Time
Online Bidding Opens: TBD
Online-Only Auction — bidding is conducted entirely online per the Auction Service Agreement; there is no staggered on-property bidding schedule for this sale.
Property Tours
TBD
Ideal For
Ideal for investors and landlords seeking cash-flowing rental properties in the Roanoke, VA market — three occupied single-family homes offering immediate income potential from day one.
Auction Term Highlights and Bidder Requirements
- Auction Term Highlights
- Registration Deposit: $5,000 — an initial deposit is required for bidder registration and approval to bid
- Buyer’s Premium: A 10% buyer’s premium will be added to the highest bid to determine the purchase price
- Settlement: Settlement must occur within 60 days of the sale. Time is of the essence
- Online Bidder Requirements
- All bidders MUST register and submit the initial deposit prior to being approved to bid
Important to Note
- All sales are AS-IS, WHERE-IS and WITH ALL FAULTS
- All bidders are encouraged to conduct their own due diligence regarding the property prior to bidding
- The terms and conditions presented at the time of sale supersede any prior or other terms and conditions related to this sale
Financial Lender Recommendations
- Ashley Howell (First Bank & Trust Company)
- ahowell@firstbank.com
- 540-421-6732
- Lindy Pond (Consistent Capital)
- lindy@consistentcapital.com
- 804-647-7866
- Briana Sparrow (Atlantic Bay Mortgage Group)
- brianasparrow@atlanticbay.com
- 804-878-0509
- Megan Rodgers (Farm Credit)
- mrodgers@FCVirginias.com
- 434-956-1139
- Mike Krumbein (Richmond Mortgage Inc.)
- mike@richmondmortgageinc.com
- 804-240-9314
Call Carly Hancock at 804-335-9994 or chancock@motleys.com
