NOT LISTED FOR SALE

1005 2nd St SW Roanoke, VA 24016

Old Southwest Neighborhood
4 Beds
2 Baths
3,204 Sq Ft
7,841 Sq Ft Lot

Last Sold November 06, 2024

Last sale price $324,900 $101 Per Sq Ft

7 Days on Market

About This Home

As of November 2024

Historic apartment building located close to Downtown Roanoke and Carilion Roanoke Memorial Hospital in the Old Southwest neighborhood. All units separately metered for electricity. Each unit includes a stove, refrigerator, microwave, dishwasher, clothes washer, and clothes dryer. Owner responsible for water. Trash collection provided by Roanoke City and included in property taxes. Current rents are $925 (Unit A), $1,225 (Unit B), and $875 (Unit C). This property is located in a designated qualified opportunity zone. See for more information regarding opportunity zones. Can be purchased as a package with MLS # 906257, 906259, 906262, or 908834.

Last Agent to Sell the Property

Cody McCraw

IVY REALTY LLC License #0225193921 Listed on: 08/28/2024

Last Buyer's Agent

Judy Poindexter

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225092156

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,727

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 50x156

Parking

  • Off-Site Parking

Home Design

  • Triplex

Interior Spaces

  • 3,204 Sq Ft Home
  • Basement
  • Dirt Floor

Schools

  • Highland Park Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 8 / 6

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Operating Expense $10,730
  • Gross Income $37,026
  • Net Operating Income $24,444

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,727

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas, Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Dirt - Partial
  • Cooling System: Ductless, Window A/C
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 3.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 10730.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Off Site

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Lot Info

  • Lot Dimensions: 50x156
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.18
  • Lot: 8
  • Present Use: Converted
  • ZoningCode: MX

Building Info

  • Year Built: 1900

Tax Info

  • Taxes (6 mo): 2727.48

Multi Family

  • Tenant Pays: Cable TV, Electricity, Gas
  • Units In Building: 3.00
  • Multi Family Type: Triplex

MLS Schools

  • Elementary School: Highland Park
  • HighSchool: Patrick Henry
  • Middle School: James Madison

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2024 11/06/24 Sold $324,900 0.0% $101 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
08/28/2024 08/28/24 For Sale $324,900 -- $101 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cody McCraw

    Seller's Agent in 2024

    Cody McCraw

    IVY REALTY LLC

    (540) 761-5820

    1 in this area

    5 Total Sales

    Cody McCraw
    Section Image

  • J

    Buyer's Agent in 2024

    Judy Poindexter

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 375-9000

    3 in this area

    28 Total Sales

    Judy Poindexter
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 910440

Roanoke Valley Association of REALTORS®

APN: 102-2208

Virginia Roanoke City County Roanoke 24016 Old Southwest

1005 2nd St SW, Roanoke, VA

Not Listed for Sale

MultiFamily

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