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
Overview
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.
Listing Details MLS# 911020
Location, Tax & Legal
- 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
- 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
General Property Description
- Multi-Family Type
- Apartments
- Construction Status
- Completed
- Year Built
- 1972
- Present Use
- Built-As
- Number of Units
- 72
- # Unfurnished
- 72
- # Leased Units
- 72
- Gross Bldg SQFT
- 62433
- Lot Dimensions
- 280x327, 330x171
- Total Acreage
- 3.07
- Basement Y/N
- No
- Parking Description
- Private (10 or More)
- # Vehicle Spaces
- 125
- Operating Expense
- 266179
- Net Operating Income
- 460067
- Gross Income
- 764470
- Water Class
- N/A
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2024-10-11
- Sold Date
- 2024-12-24
Remarks & Misc
- Directions
- East on Gus Nicks Blvd, Right on to Dunkirk Ave, Left on 8th St
Limited Service
- Not Limited Service
- Yes
More Information
Financing Options
- Owner Financing Y
- Yes
Construction
- Brick
- Yes
Basement
- Slab
- Yes
Heating
- Heat Pump Electric
- Yes
Misc Features
- Laundry Facility
- Yes
Cooling
- Heat Pump Electric
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Lease Type
- One Year
- Yes
Owner Expenses
- Other - See Remarks
- Yes
Internet Access
- Cable
- Yes
Tenant Expenses
- All Utilities
- Yes
Slr Pd Fin Concessns
- Not Disclosed
- Yes
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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