626 Elm AVE, 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 opportunity for investors! Currently both units rented with full one year leases at $650 and $620 per month for each unit. Each unit has 3 bedrooms and 1.5 baths and a large laundry room. Both units have long term rental history. Property being sold as is. Inspections welcome, informational purposes only, no repairs made by the seller. Both units have newer heat pumps (2016-2017)

Listing Details MLS# 848641

Location, Tax & Legal

Area
0130 - City of Roanoke - SW
Street Number
626
Street Name
Elm
Street Suffix
AVE
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
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
12044
Gross Income
9348
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: Vinyl; 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 Owner Expenses: Water Tenant Expenses: Cable TV; Electricity; Heating
Listing Office: LICHTENSTEIN ROWAN, REALTORS®
Last Updated: September - 21 - 2026
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