622 Elm AVE SW & 626, Roanoke, VA 24016
$640,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
13,068
Status:
Closed
Current Price:
$640,000
List Date:
1/03/2024
Last Modified:
3/31/2025
Description
Two Duplexes in SW Roanoke for a total of 4 units. Each Unit is 2 or 3 Bedroom, 1.5 Bath, Laundry and 1,050+/- SF each. Renovated in 2019 with new kitchen, bath, HVAC, flooring, siding, roof, etc. Fully leased. Gross Income - $50,400 per year combined. Located within minutes of Downtown and Carilion. Historic Neighborhood.
More Information MLS# 899294
Contract Information
Current Price: $640,000
Sold Price: $640,000
List Date: 2023-06-22
Status: Closed
General Property Description
Multi-Family Type: Duplex
Construction Status: Completed
Year Built: 1986
Number of Units: 4
# Unfurnished: 4
# Leased Units: 4
Gross Bldg SQFT: 4200
Total Acreage: 0.3
Basement Y/N: No
Parking Description: Private (1 - 9)
Operating Expense: 16523
Net Operating Income: 33877
Gross Income: 50400
Water Class: N/A
Location Legal Taxes
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
Status Change Info
Ratified Contract Dt: 2023-12-07
Sold Date: 2024-03-06
Sold Price: $640,000
Property Features
Limited Service: Not Limited Service
Construction: Hard Board
Basement: Slab
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Water Description: Public
Sewer Description: Public Sewer
Water Heater Energy: Electric
Owner Expenses: Lawn Care; Water
Tenant Expenses: Electricity
Listing Office: MKB, REALTORS®
Last Updated: March - 31 - 2025
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