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
General Property Description
Multi-Family Type: Duplex
Construction Status: Completed
Total Acreage: 0.3
# Furnished: 0
# Unfurnished: 4
# Leased Units: 4
Gross Bldg SQFT: 4200
Basement Y/N: No
Water Class: N/A
Parking Description: Private (1 - 9)
Gross Income: 50400
Year Built: 1986
Number of Units: 4
Operating Expense: 16523
Net Operating Income: 33877
Location, Tax & Legal
Major Area: 01 - City of Roanoke
Unit #: & 626
Phase: 0
Lot: 9 & 10
Block: 4
Tax ID: 1120709 & 1120708
Annual Taxes: 5168
Section: 0
Zoning Code: RM-1
POA Y/N: No
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
Remarks & Misc
Directions: Franklin Road to Elm Avenue, SW, Duplex are on Left. Parking located in the alley behind the houses.
Limited Service
Not Limited Service: 1
Construction
Hard Board: 1
Basement
Slab: 1
Heating
Heat Pump Electric: 1
Cooling
Heat Pump Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Energy
Electric: 1
Owner Expenses
Lawn Care: 1
Sewer: 1
Water: 1
Tenant Expenses
Electricity: 1
Contract Information
Current Price: $640,000
Sold Price: $640,000
List Date: 2023-06-22
Status: Closed
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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