220 8th ST, Vinton, VA 24179
$5,850,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
133,729
Status:
Closed
Current Price:
$5,850,000
List Date:
9/17/2024
Last Modified:
7/23/2025
Description
72-unit multifamily with low maintenance brick exterior and adequate on-site parking. Common areas have been recently renovated and furnished with coin operated laundry equipment. Tenants pay electricity and a porata share of water/sewer/trash via a ratio utility billing system.
More Information MLS# 911020
Contract Information
Current Price: $5,850,000
Sold Price: $5,850,000
List Date: 2024-09-17
Status: Closed
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1972
Present Use: Built-As
Number of Units: 72
# Unfurnished: 72
# Leased Units: 72
Gross Bldg SQFT: 62433
Lot Dimensions: 280x327, 330x171
Total Acreage: 3.07
Basement Y/N: No
Parking Description: Private (10 or More)
# Vehicle Spaces: 125
Operating Expense: 266179
Net Operating Income: 460067
Gross Income: 764470
Water Class: N/A
Location Legal Taxes
Area: 0221 - Roanoke County - Town of Vinton
Street Number: 220
Street Name: 8th
Street Suffix: ST
State/Province: VA
Zip Code: 24179
Subdivision: N/A
Municipality: Town of Vinton
Elementary School: Herman L. Horn
Middle School: William Byrd
High School: William Byrd
Status Change Info
Ratified Contract Dt: 2024-10-11
Sold Date: 2024-12-24
Sold Price: $5,850,000
Property Features
Limited Service: Not Limited Service
Financing Options: Owner Financing Y
Construction: Brick
Basement: Slab
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Lease Type: One Year
Owner Expenses: Other - See Remarks
Misc Features: Laundry Facility
Internet Access: Cable
Tenant Expenses: All Utilities
Slr Pd Fin Concessns: Not Disclosed
Listing Office: KELLER WILLIAMS REALTY ROANOKE
Last Updated: July - 23 - 2025
All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.
