NOT LISTED FOR SALE

1624 Chapman Ave SW Roanoke, VA 24016

Mountain View Neighborhood
-- Bed
-- Bath
9,264 Sq Ft
0.34 Acres

Last Sold November 13, 2019

Last sale price $380,000 $41 Per Sq Ft

116 Days on Market

Highlights

  • 0.34 Acre Lot
  • No HOA
  • Baseboard Heating

About This Home

As of November 2019

Priced at only $40,000 per unit, this 12-unit historic brick apartment building is priced with significant upside available. Original hardwood floors. central courtyards, off street parking, and built as floor plans. There are eight 1BR/1BA units and four 2BR/1BA units. With convenient access to downtown and Grandin Village, this property is located in the rapidly developing West End neighborhood.

Last Agent to Sell the Property

Matthew Zimmerman

WALDVOGEL COMMERCIAL PROPERTIES License #0225229039 Listed on: 05/09/2019

Last Buyer's Agent

Darrell Morris

POE & CRONK REAL ESTATE GROUP License #0225025559

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,536

Year Built

  • Built in 1930

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 9,264 Sq Ft Home
  • Partial Basement

Schools

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity, heating
  • Legal Lot and Block 6-7 / 19

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • 10 Leased Units
  • Electric Expense $360
  • Insurance Expense $3,000
  • Maintenance Expense $6,435
  • Manager Expense $5,148
  • Water Sewer Expense $3,600
  • New Taxes Expense $3,729
  • Operating Expense $25,693
  • Gross Income $64,353
  • Net Operating Income $38,659

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,536

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Window A/C
  • ExpensesManagementExp: 5148.00
  • ExpensesTaxExp: 3729.00
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 10.00
  • NumberUnfurnished: 12.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2019-09-02
  • TotalAnnualExpen: 25693.00
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 3600.00
  • Water Description: Public Water

Schools

  • Elementary School: Hurt Park
  • Middle School: James Madison
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 100x150
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.34
  • Lot: 6-7
  • ZoningCode: RM-1

Building Info

  • Year Built: 1930

Tax Info

  • Taxes (6 mo): 3536.00
  • FILLTAXID: 1320502

Multi Family

  • Tenant Pays: Electricity, Heating
  • Units In Building: 12.00
  • Multi Family Type: Apartments

MLS Schools

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

Range of Values:

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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 Change Sq Ft Price
11/13/2019 11/13/19 Sold $380,000 -10.6% $41 / Sq Ft
09/02/2019 09/02/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $425,000 -- $46 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matthew Zimmerman

    Seller's Agent in 2019

    Matthew Zimmerman

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 759-1884

    1 in this area

    40 Total Sales

    Matthew Zimmerman
    Section Image
  • Darrell Morris

    Buyer's Agent in 2019

    Darrell Morris

    POE & CRONK REAL ESTATE GROUP

    (540) 353-6365

    12 Total Sales

    Darrell Morris
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 858992

Roanoke Valley Association of REALTORS®

APN: 132-0502

Virginia Roanoke City County Roanoke 24016 Mountain View

1624 Chapman Ave SW, Roanoke, VA

This home is located at 1624 Chapman Ave SW, Roanoke, VA 24016 since 09 May 2019. This property was built in 1930. 1624 Chapman Ave SW is a home located in Roanoke City with nearby schools including Hurt Park Elementary School, James Madison Middle School, and Patrick Henry High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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