220 8th ST, Vinton, VA 24179

$5,850,000
Property Type: MultiFamily Lot Size (sq. ft.): 133,729 Status: Closed
Current Price: $5,850,000 List Date: 9/17/2024 Last Modified: 7/23/2025

Overview

Description

72-unit multifamily with low maintenance brick exterior and adequate on-site parking. Common areas have been recently renovated and furnished with coin operated laundry equipment. Tenants pay electricity and a porata share of water/sewer/trash via a ratio utility billing system.

Listing Details MLS# 911020

Location, Tax & Legal

Area
0221 - Roanoke County - Town of Vinton
Street Number
220
Street Name
8th
Street Suffix
ST
State/Province
VA
Zip Code
24179
Subdivision
N/A
Municipality
Town of Vinton
Elementary School
Herman L. Horn
Middle School
William Byrd
High School
William Byrd

General Property Description

Multi-Family Type
Apartments
Construction Status
Completed
Year Built
1972
Present Use
Built-As
Number of Units
72
# Unfurnished
72
# Leased Units
72
Gross Bldg SQFT
62433
Lot Dimensions
280x327, 330x171
Total Acreage
3.07
Basement Y/N
No
Parking Description
Private (10 or More)
# Vehicle Spaces
125
Operating Expense
266179
Net Operating Income
460067
Gross Income
764470
Water Class
N/A

Status Change Info

Ratified Contract Dt
2024-10-11
Sold Date
2024-12-24

More Information

Property Features

Limited Service: Not Limited Service Financing Options: Owner Financing Y Construction: Brick Basement: Slab Heating: Heat Pump Electric Cooling: Heat Pump Electric Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Lease Type: One Year Owner Expenses: Other - See Remarks Misc Features: Laundry Facility Internet Access: Cable Tenant Expenses: All Utilities Slr Pd Fin Concessns: Not Disclosed
Listing Office: KELLER WILLIAMS REALTY ROANOKE
Last Updated: July - 23 - 2025
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