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
Overview
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.
Listing Details MLS# 899294
Location, Tax & Legal
- 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
- Major Area
- 01 - City of Roanoke
- Unit #
- & 626
- Phase
- 0
- Lot
- 9 & 10
- Block
- 4
- Tax ID
- 1120709 & 1120708
- Annual Taxes
- 5168
- Section
- No
- Zoning Code
- RM-1
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Duplex
- Construction Status
- Completed
- Year Built
- 1986
- Number of Units
- 4
- # Unfurnished
- 4
- # Leased Units
- 4
- Gross Bldg SQFT
- 4200
- Total Acreage
- 0.3
- Basement Y/N
- No
- Parking Description
- Private (1 - 9)
- Operating Expense
- 16523
- Net Operating Income
- 33877
- Gross Income
- 50400
- Water Class
- N/A
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2023-12-07
- Sold Date
- 2024-03-06
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
- Yes
More Information
Construction
- Hard Board
- Yes
Basement
- Slab
- Yes
Heating
- Heat Pump Electric
- Yes
Cooling
- Heat Pump Electric
- Yes
Water Description
- Public
- Yes
Sewer Description
- Public Sewer
- Yes
Water Heater Energy
- Electric
- Yes
Owner Expenses
- Lawn Care
- Yes
- Sewer
- Yes
- Water
- Yes
Tenant Expenses
- Electricity
- Yes
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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