378 Elm AVE SW, Roanoke, VA 24016

$900,000

Property Type: MultiFamily Lot Size (sq. ft.): 6,534 Status: Closed

Current Price: $900,000 List Date: 8/07/2015 Last Modified: 12/27/2024

Overview

Description

Elegant brick apartment building located within walking distance of Downtown in Roanoke' s historic Old Southwest neighborhood. This 14 unit building features a mix of one-bedroom, two-bedroom and studio apartments with a strong rental history. Amenities include refinished hardwood floors throughout and a coin operated laundry facility for additional income. A brand new architectural shingle roof

Supplements: was installed within the last 12 months. All utilities are currently paid by the landlord with gas radiator heat and window a/c units. Fantastic rental history with an average monthly rental amount of $660.

Listing Details MLS# 818116

Location, Tax & Legal

Area: 0130 - City of Roanoke - SW
Street Number: 378
Street Name: Elm
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: Old Southwest
Municipality: City of Roanoke
Elementary School: Hurt Park
Middle School: James Madison
High School: Patrick Henry

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1920
Present Use: Built-As
Number of Units: 14
# Unfurnished: 14
# Leased Units: 14
Gross Bldg SQFT: 8208
Lot Dimensions: 50 x 130
Total Acreage: 0.15
Basement Y/N: Yes
Parking Description: On Street
Operating Expense: 49335
Net Operating Income: 58695
Gross Income: 111000
Water Class: N/A

Status Change Info

Ratified Contract Dt: 2015-08-29
Sold Date: 2015-11-18

Miscellaneous Info

Public Transport: Yes

More Information

Property Features

Limited Service: Not Limited Service Construction: Brick Basement: Partial Heating: Radiator Gas Heat Cooling: Window Unit(s) Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Lease Type: One Year Owner Expenses: Electricity; Management Fee Misc Features: Current Lease; Historical Theme Tenant Expenses: No Utilities

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: December - 27 - 2024

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