202 Elm AVE SW, Roanoke, VA 24016
$1,350,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$1,350,000
List Date:
11/11/2022
Last Modified:
9/15/2025
Overview
Description
Property is just out of the Historic district. Location is fantastic to everything downtown Roanoke! Most of the windows have been replaced with vinyl replacement windows. Roof was replaced this year, new 30 year architectural shingles. Property never has a problem with renting out vacant units. Owner has updated many of the units. Many long term tenants as well. Owner owns coin operated laundry machines which are located on first floor. One of Southwest's best! Buyer and buyer agent to verify and satisfy themselves to the condition and accuracy of this information. Property to be sold ''As Is'' seller will not make any repairs.
Listing Details MLS# 893385
Location, Tax & Legal
- Area
- 0130 - City of Roanoke - SW
- Street Number
- 202
- 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
- William Fleming
- Major Area
- 01 - City of Roanoke
- Phase
- 0
- Subdivision Map
- SW-2 O.S
- Lot
- 7
- Block
- 12
- Tax ID
- 1020908
- Annual Taxes
- 9577
- Section
- SW 2
- Zoning Code
- 24016
- POA Y/N
- No
- POA/Condo Dues
- 0
General Property Description
- Multi-Family Type
- Apartments
- Construction Status
- Completed
- Year Built
- 1928
- Present Use
- Built-As
- Number of Units
- 16
- # Unfurnished
- 16
- # Leased Units
- 14
- Gross Bldg SQFT
- 11194
- Lot Dimensions
- 50X150
- Total Acreage
- 0.17
- Basement Y/N
- Yes
- Parking Description
- Private (10 or More)
- # Vehicle Spaces
- 22
- Operating Expense
- 57973
- Net Operating Income
- 115890
- Gross Income
- 57917
- Water Class
- N/A
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2022-11-22
- Sold Date
- 2023-01-06
Miscellaneous Info
- Public Transport
- Yes
- Upgrades
- Roof
Expenses
- Management Exp
- 7560
- Maintenance Exp
- 40453
- Tax Exp
- 9577
- Electric Exp
- 1080
- Gas Exp
- 2880
- Water Exp
- 6000
More Information
Water Access Only A
- Distance to Off Site
- N/A
- Location of Off Site Water Access
- N?A
Remarks & Misc
- Directions
- 581 Exit 6 towards Downtown Roanoke. Pass Community Hospital top of the hill and 2nd street property is on your right.
Construction
- Brick
- Yes
- Wood
- Yes
Basement
- Partial
- Yes
Views
- City
- Yes
- Mountain(s)
- Yes
Heating
- Heat Pump Electric
- Yes
Misc Features
- Laundry Facility
- Yes
- Maint-Free Exterior
- Yes
Cooling
- Heat Pump Electric
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Natural Gas
- Yes
Amenities Common
- Cable TV
- Yes
Lease Type
- One Year
- Yes
- Renewal Option
- Yes
Owner Expenses
- Gas
- Yes
- Sewer
- Yes
- Water
- Yes
Interior Features
- Ceiling Fan(s)
- Yes
Internet Access
- Cable
- Yes
Tenant Expenses
- Cable TV
- Yes
- Electricity
- Yes
Slr Pd Fin Concessns
- No
- Yes
Property Features
Construction:
Brick; Wood
Basement:
Partial
Heating:
Heat Pump Electric
Cooling:
Heat Pump Electric
Water Description:
Public
Sewer Description:
Public Sewer
Water Heater Type:
Tank
Water Heater Energy:
Natural Gas
Amenities Common:
Cable TV
Lease Type:
One Year; Renewal Option
Owner Expenses:
Gas; Water
Interior Features:
Ceiling Fan(s)
Misc Features:
Laundry Facility; Maint-Free Exterior
Internet Access:
Cable
Views:
Mountain(s)
Tenant Expenses:
Cable TV; Electricity
Slr Pd Fin Concessns:
No
Listing Office:
IVY REALTY LLC
Last Updated: September - 15 - 2025
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