622 Elm AVE SW & 626, Roanoke, VA 24016

$640,000
Property Type: MultiFamily Lot Size (sq. ft.): 13,068 Status: Closed
Current Price: $640,000 List Date: 1/03/2024 Last Modified: 3/31/2025

Overview

Description

Two Duplexes in SW Roanoke for a total of 4 units. Each Unit is 2 or 3 Bedroom, 1.5 Bath, Laundry and 1,050+/- SF each. Renovated in 2019 with new kitchen, bath, HVAC, flooring, siding, roof, etc. Fully leased. Gross Income - $50,400 per year combined. Located within minutes of Downtown and Carilion. Historic Neighborhood.

Listing Details MLS# 899294

Location, Tax & Legal

Area
0130 - City of Roanoke - SW
Street Number
622
Street Name
Elm
Street Suffix
AVE
Street Direction Sfx
SW
State/Province
VA
Zip Code
24016
Subdivision
N/A
Municipality
City of Roanoke
Elementary School
Highland Park
Middle School
James Madison
High School
Patrick Henry

General Property Description

Multi-Family Type
Duplex
Construction Status
Completed
Year Built
1986
Number of Units
4
# Unfurnished
4
# Leased Units
4
Gross Bldg SQFT
4200
Total Acreage
0.3
Basement Y/N
No
Parking Description
Private (1 - 9)
Operating Expense
16523
Net Operating Income
33877
Gross Income
50400
Water Class
N/A

Status Change Info

Ratified Contract Dt
2023-12-07
Sold Date
2024-03-06

More Information

Property Features

Limited Service: Not Limited Service Construction: Hard Board Basement: Slab Heating: Heat Pump Electric Cooling: Heat Pump Electric Water Description: Public Sewer Description: Public Sewer Water Heater Energy: Electric Owner Expenses: Lawn Care; Water Tenant Expenses: Electricity
Listing Office: MKB, REALTORS®
Last Updated: March - 31 - 2025
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