1014 3rd St SW Roanoke, VA 24016
Old Southwest NeighborhoodHighlights
- City View
- No HOA
- Baseboard Heating
About This Home
As of December 2016Charming 5-unit apartment building in the heart of Old SW just blocks from Downtown Roanoke. Tons of historic detail & updated amenities create pride of ownership combined with serious cash flow potential. Beautiful hardwood floors, washer/dryer hook up for each unit, high ceilings, ample storage space, updated kitchens/baths & separately metered gas & electric are just a few of the many benefits offered. Roof is newer & exterior is vinyl wrapped.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $2,378
Year Built
- Built in 1889
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 50x166
Property Views
- City
- Mountain
Interior Spaces
- 3,889 Sq Ft Home
- Partial Basement
Schools
- Highland Park Elementary School
- James Madison Middle School
- Patrick Henry High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Natural Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 5 / 6
Community Details
Overview
- No Home Owners Association
- 5 Units
- Old Southwest Subdivision
Building Details
- 5 Leased Units
- Insurance Expense $1,984
- Maintenance Expense $3,540
- Other Expense $1,967
- New Taxes Expense $2,378
- Operating Expense $9,869
- Gross Income $37,260
- Net Operating Income $25,528
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2016 12/18/16 | Sold | $270,000 | -6.7% | $69 / Sq Ft |
| 10/06/2016 10/06/16 | Pending | -- | -- | -- |
| 06/01/2016 06/01/16 | For Sale | $289,500 | -- | $74 / Sq Ft |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,079 | $305,000 | $77,100 | $227,900 |
| 2024 | $4,079 | $298,000 | $70,100 | $227,900 |
| 2023 | $3,984 | $294,000 | $66,100 | $227,900 |
| 2022 | $3,825 | $287,400 | $66,100 | $221,300 |
| 2021 | $3,657 | $274,800 | $62,000 | $212,800 |
| 2020 | $3,531 | $266,600 | $62,000 | $204,600 |
| 2019 | $3,202 | $240,500 | $57,800 | $182,700 |
| 2018 | $2,911 | $216,700 | $57,800 | $158,900 |
| 2017 | $2,453 | $194,900 | $51,200 | $143,700 |
| 2016 | $2,453 | $194,900 | $51,200 | $143,700 |
| 2015 | $2,385 | $194,900 | $51,200 | $143,700 |
| 2014 | $2,385 | $194,900 | $51,200 | $143,700 |
Map
Source: Roanoke Valley Association of REALTORS®
MLS Number: 826935
APN: 102-2205
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Ask me questions while you tour the home.