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
General Property Description
Lot Dimensions: 280x327, 330x171
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 3.07
Present Use: Built-As
# Furnished: 0
# Unfurnished: 72
# Leased Units: 72
Gross Bldg SQFT: 62433
Basement Y/N: No
Water Class: N/A
Parking Description: Private (10 or More)
# Vehicle Spaces: 125
Gross Income: 764470
Year Built: 1972
Number of Units: 72
Operating Expense: 266179
Net Operating Income: 460067
Location, Tax & Legal
Major Area: 02 - Roanoke County
Phase: 0
Lot: 1-17, 9-16
Block: 5, 3
Tax ID: 060.11-03-01.00-0000 & 060.15-01-01.00-0000
Annual Taxes: 36340
Section: Midway Land Co
Zoning Code: R2 & M2
POA Y/N: No
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
Remarks & Misc
Directions: East on Gus Nicks Blvd, Right on to Dunkirk Ave, Left on 8th St
Limited Service
Not Limited Service: 1
Financing Options
Owner Financing Y: 1
Construction
Brick: 1
Basement
Slab: 1
Heating
Heat Pump Electric: 1
Misc Features
Laundry Facility: 1
Cooling
Heat Pump Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Lease Type
One Year: 1
Owner Expenses
Other - See Remarks: 1
Internet Access
Cable: 1
Tenant Expenses
All Utilities: 1
Slr Pd Fin Concessns
Not Disclosed: 1
Contract Information
Current Price: $5,850,000
Sold Price: $5,850,000
List Date: 2024-09-17
Status: Closed
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
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