618 Day AVE SW, Roanoke, VA 24016

$610,000

Property Type: MultiFamily Lot Size (sq. ft.): 6,534 Status: Closed

Current Price: $610,000 List Date: 3/06/2019 Last Modified: 12/27/2024

Overview

Description

Charming 1928 brick building with ten apartments including studios, 1- and 2-bedrooms. It has been completely renovated and features updated kitchens and baths with modern appliances and fixtures. Professionally managed and walking distance to the Jefferson Center, Kirk YMCA, and the Roanoke greenway. Located just minutes from the Jefferson College of Health Sciences, VA Tech Carilion School of Medicine & Research Institute, and Downtown Roanoke.

Listing Details MLS# 856657

Location, Tax & Legal

Area: 0130 - City of Roanoke - SW
Street Number: 618
Street Name: Day
Street Suffix: AVE
Street Direction Sfx: SW
State/Province: VA
Zip Code: 24016
Subdivision: Old Southwest
Municipality: City of Roanoke
Elementary School: Wasena
Middle School: James Madison
High School: Patrick Henry
Major Area: 01 - City of Roanoke
Phase: 0
Lot: 10
Block: 3
Tax ID: 1120511
Annual Taxes: 4194
Section: LEWIS RESERVE
Zoning Code: RM-1
POA Y/N: No

General Property Description

Multi-Family Type: Apartments
Construction Status: Completed
Year Built: 1928
Present Use: Built-As
Number of Units: 10
# Unfurnished: 10
# Leased Units: 9
Gross Bldg SQFT: 7500
Total Acreage: 0.15
Basement Y/N: Yes
Parking Description: On Street
Operating Expense: 25721
Net Operating Income: 42433
Gross Income: 70920
Water Class: N/A
# Furnished: 0

Status Change Info

Ratified Contract Dt: 2019-04-15
Sold Date: 2019-06-14

Miscellaneous Info

Public Transport: Yes
Upgrades: Baths, Kitchens, Etc
Paid Utilities: Water/Sewer

Expenses

Maintenance Exp: 6737
Insurance Exp: 2508
Gas Exp: 1107
Water Exp: 3307
Other Exp: 1200

More Information

Remarks & Misc

Directions: I 581 to right on Elm Ave. Right on 5th St. Left on Day Ave. Property on left.

Limited Service

Not Limited Service: Yes

Construction

Brick: Yes

Basement

Partial: Yes
Walk-Out Access: Yes

Heating

Heat Pump Electric: Yes
Zoned: Yes

Cooling

Central Air: Yes
Zoned: Yes

Water Description

Public: Yes

Sewer Description

Public Sewer: Yes

Water Heater Type

Tank: Yes

Water Heater Energy

Natural Gas: Yes

Lease Type

One Year: Yes

Owner Expenses

Lawn Care: Yes
Management Fee: Yes
Water: Yes

Tenant Expenses

Air Conditioning: Yes
Electricity: Yes
Heating: Yes

Property Features

Limited Service: Not Limited Service Construction: Brick Basement: Partial; Walk-Out Access Heating: Heat Pump Electric; Zoned Cooling: Central Air; Zoned Water Description: Public Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Natural Gas Lease Type: One Year Owner Expenses: Lawn Care; Management Fee; Water Tenant Expenses: Air Conditioning; Electricity; Heating

Listing Office: WALDVOGEL COMMERCIAL PROPERTIES

Last Updated: December - 27 - 2024

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618 Day AVE SW, Roanoke, VA 24016 (MLS# 856657)