622 Elm AVE SW, Roanoke, VA 24016

$78,500
Property Type: MultiFamily Status: Closed
Current Price: $78,500 List Date: 5/21/2018 Last Modified: 9/21/2026

Overview

Description

Duplex in SW City historic district, great location and income property - perfect for investors! Two units currently rented for $650/month with full one year leases. Refrigerator and range included in both units. Each unit has 3 bedrooms and 1.5 baths. Units each have full laundry room. Units being sold ''as is'' condition. Inspections welcome for informational purposes only, seller not responsible for any repairs. Roof completely replaced in 2016. Typically long term renters for each unit.

Listing Details MLS# 848640

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
Present Use
Built-As
Number of Units
2
# Unfurnished
2
# Leased Units
2
Gross Bldg SQFT
2166
Lot Dimensions
50 x 130
Basement Y/N
No
Parking Description
Private (1 - 9)
Operating Expense
2696
Net Operating Income
12404
Gross Income
9708
Water Class
N/A

Status Change Info

Ratified Contract Dt
2018-05-23
Sold Date
2018-06-08

More Information

Property Features

Limited Service: Not Limited Service Construction: Wood Basement: Slab Heating: Heat Pump Electric Cooling: Central Air Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Lease Type: One Year Owner Expenses: Water Tenant Expenses: Cable TV; Electricity; Heating
Listing Office: LICHTENSTEIN ROWAN, REALTORS®
Last Updated: September - 21 - 2026
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