378 Elm AVE SW, Roanoke, VA 24016
$900,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$900,000
List Date:
8/07/2015
Last Modified:
12/27/2024
Description
Elegant brick apartment building located within walking distance of Downtown in Roanoke' s historic Old Southwest neighborhood. This 14 unit building features a mix of one-bedroom, two-bedroom and studio apartments with a strong rental history. Amenities include refinished hardwood floors throughout and a coin operated laundry facility for additional income. A brand new architectural shingle roof
Supplements: was installed within the last 12 months. All utilities are currently paid by the landlord with gas radiator heat and window a/c units. Fantastic rental history with an average monthly rental amount of $660.
More Information MLS# 818116
Contract Information
Current Price: $900,000
Sold Price: $900,000
List Date: 2015-08-05
Status: Closed
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1920
Present Use: Built-As
Number of Units: 14
# Unfurnished: 14
# Leased Units: 14
Gross Bldg SQFT: 8208
Lot Dimensions: 50 x 130
Total Acreage: 0.15
Basement Y/N: Yes
Parking Description: On Street
Operating Expense: 49335
Net Operating Income: 58695
Gross Income: 111000
Water Class: N/A
Location Legal Taxes
Area: 0130 - City of Roanoke - SW
Street Number: 378
Street Name: Elm
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: Old Southwest
Municipality: City of Roanoke
Elementary School: Hurt Park
Middle School: James Madison
High School: Patrick Henry
Status Change Info
Ratified Contract Dt: 2015-08-29
Sold Date: 2015-11-18
Sold Price: $900,000
Miscellaneous Info
Public Transport: Yes
Property Features
Limited Service: Not Limited Service
Construction: Brick
Basement: Partial
Heating: Radiator Gas Heat
Cooling: Window Unit(s)
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Lease Type: One Year
Owner Expenses: Electricity; Management Fee
Misc Features: Current Lease; Historical Theme
Tenant Expenses: No Utilities
Listing Office: WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: December - 27 - 2024
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