$1,350,000
Roanoke, VA 24016
MLS# 893385
1 / 10
Property Description
Property is just out of the Historic district. Location is fantastic to everything downtown Roanoke! Most of the windows have been replaced with vinyl replacement windows. Roof was replaced this year, new 30 year architectural shingles. Property never has a problem with renting out vacant units. Owner has updated many of the units. Many long term tenants as well. Owner owns coin operated laundry machines which are located on first floor. One of Southwest's best! Buyer and buyer agent to verify and satisfy themselves to the condition and accuracy of this information. Property to be sold ''As Is'' seller will not make any repairs.
Details
Maps
General Property Description
Lot Dimensions: 50X150
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 0.17
Present Use: Built-As
# Furnished: 0
# Unfurnished: 16
# Leased Units: 14
Gross Bldg SQFT: 11194
Basement Y/N: Yes
Water Class: N/A
Parking Description: Private (10 or More)
# Vehicle Spaces: 22
Gross Income: 57917
Year Built: 1928
Number of Units: 16
Operating Expense: 57973
Net Operating Income: 115890
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Phase: 0
Subdivision Map: SW-2 O.S
Lot: 7
Block: 12
Tax ID: 1020908
Annual Taxes: 9577
Section: SW 2
Zoning Code: 24016
POA Y/N: No
POA/Condo Dues: 0
Area: 0130 - City of Roanoke - SW
Street Number: 202
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: William Fleming
Remarks & Misc
Directions: 581 Exit 6 towards Downtown Roanoke. Pass Community Hospital top of the hill and 2nd street property is on your right.
Construction
Brick: 1
Wood: 1
Basement
Partial: 1
Views
City: 1
Mountain(s): 1
Heating
Heat Pump Electric: 1
Misc Features
Laundry Facility: 1
Maint-Free Exterior: 1
Miscellaneous Info
Public Transport: Yes
Upgrades: Roof
Cooling
Heat Pump Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Natural Gas: 1
Amenities Common
Cable TV: 1
Lease Type
One Year: 1
Renewal Option: 1
Owner Expenses
Gas: 1
Sewer: 1
Water: 1
Interior Features
Ceiling Fan(s): 1
Internet Access
Cable: 1
Water Access Only A
Distance to Off Site: N/A
Location of Off Site Water Access: N?A
Tenant Expenses
Cable TV: 1
Electricity: 1
Expenses
Management Exp: 7560
Maintenance Exp: 40453
Tax Exp: 9577
Electric Exp: 1080
Gas Exp: 2880
Water Exp: 6000
Slr Pd Fin Concessns
No: 1
Contract Information
Current Price: $1,350,000
Sold Price: $1,350,000
List Date: 2022-10-02
Status: Closed
Status Change Info
Ratified Contract Dt: 2022-11-22
Sold Date: 2023-01-06
Sold Price: $1,350,000
Property Features
Construction: Brick; Wood
Basement: Partial
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Natural Gas
Amenities Common: Cable TV
Lease Type: One Year; Renewal Option
Owner Expenses: Gas; Water
Interior Features: Ceiling Fan(s)
Misc Features: Laundry Facility; Maint-Free Exterior
Internet Access: Cable
Views: Mountain(s)
Tenant Expenses: Cable TV; Electricity
Slr Pd Fin Concessns: No
Listing Office: IVY REALTY OF ROANOKE LLC
Last Updated: September - 15 - 2025
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