622 Elm AVE SW, Roanoke, VA 24016
$78,500
Property Type:
MultiFamily
Status:
Closed
Current Price:
$78,500
List Date:
5/21/2018
Last Modified:
9/21/2026
Overview
Description
Listing Details MLS# 848640
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
- Phase
- 0
- Subdivision Map
- Lewis Reserve
- Lot
- 10
- Block
- 4
- Tax ID
- 1120709
- Annual Taxes
- 1256
- Section
- No
- POA Y/N
- No
General Property Description
- Multi-Family Type
- Duplex
- Construction Status
- Completed
- Year Built
- 1986
- Present Use
- Built-As
- Number of Units
- 2
- # Unfurnished
- 2
- # Leased Units
- 2
- Gross Bldg SQFT
- 2166
- Lot Dimensions
- 50 x 130
- Basement Y/N
- No
- Parking Description
- Private (1 - 9)
- Operating Expense
- 2696
- Net Operating Income
- 12404
- Gross Income
- 9708
- Water Class
- N/A
- # Furnished
- 0
Status Change Info
- Ratified Contract Dt
- 2018-05-23
- Sold Date
- 2018-06-08
Remarks & Misc
- Public Remarks
- Duplex in SW City historic district, great location and income property - perfect for investors! Two units currently rented for $650/month with full one year leases. Refrigerator and range included in both units. Each unit has 3 bedrooms and 1.5 baths. Units each have full laundry room. Units being sold ''as is'' condition. Inspections welcome for informational purposes only, seller not responsible for any repairs. Roof completely replaced in 2016. Typically long term renters for each unit.
- Directions
- From 581 take Elm Ave, SW - head West, House on left. Parking behind unit.
Limited Service
- Not Limited Service
- Yes
More Information
Construction
- Wood
- Yes
Basement
- Slab
- Yes
Heating
- Heat Pump Electric
- Yes
Cooling
- Central Air
- 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
- Sewer
- Yes
- Water
- Yes
Tenant Expenses
- Cable TV
- Yes
- Electricity
- Yes
- Heating
- Yes
Property Features
Limited Service:
Not Limited Service
Construction:
Wood
Basement:
Slab
Heating:
Heat Pump Electric
Cooling:
Central Air
Water Description:
Public
Sewer Description:
Public Sewer
Water Heater Type:
Tank
Water Heater Energy:
Electric
Lease Type:
One Year
Owner Expenses:
Water
Tenant Expenses:
Cable TV; Electricity; Heating
Listing Office:
LICHTENSTEIN ROWAN, REALTORS®
Last Updated: September - 21 - 2026
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