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
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.
More Information MLS# 893385
Contract Information
Current Price: $1,350,000
Sold Price: $1,350,000
List Date: 2022-10-02
Status: Closed
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
Location Legal Taxes
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
Status Change Info
Ratified Contract Dt: 2022-11-22
Sold Date: 2023-01-06
Sold Price: $1,350,000
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
Water Access Only A
Distance to Off Site: N/A
Location of Off Site Water Access: N?A
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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