NOT LISTED FOR SALE

202 Elm Ave SW Roanoke, VA 24016

Old Southwest Neighborhood
-- Bed
16 Baths
11,194 Sq Ft
7,405 Sq Ft Lot

Last Sold January 06, 2023

Last sale price $1,350,000 $121 Per Sq Ft

51 Days on Market

Highlights

  • City View
  • Ceiling Fan
  • Laundry Facilities
  • No HOA

About This Home

As of January 2023

Property is just out of the Historic district. Location is fantastic to everything downtown Roanoke! Most of the windows have been replaced with vinyl replacement windows. Roof was replaced this year, new 30 year architectural shingles. Property never has a problem with renting out vacant units. Owner has updated many of the units. Many long term tenants as well. Owner owns coin operated laundry machines which are located on first floor. One of Southwest's best! Buyer and buyer agent to verify and satisfy themselves to the condition and accuracy of this information. Property to be sold ''As Is'' seller will not make any repairs.

Last Agent to Sell the Property

Jason DeBord

KEYSTONE REALTY OF ROANOKE LLC License #0225218257 Listed on: 10/02/2022

Last Buyer's Agent

Jason Roggensee

THE GRANDIN AGENCY License #0225217008

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,577

Year Built

  • Built in 1928

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • 22 Parking Spaces

Property Views

  • City
  • Mountain

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 11,194 Sq Ft Home
  • Ceiling Fan
  • Partial Basement

Schools

  • Highland Park Elementary School
  • James Madison Middle School
  • William Fleming High School

Utilities

  • Heat Pump System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 7 / 12

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 14 Leased Units
  • Electric Expense $1,080
  • Maintenance Expense $40,453
  • Manager Expense $7,560
  • Water Sewer Expense $6,000
  • New Taxes Expense $9,577
  • Operating Expense $57,973
  • Gross Income $57,917
  • Net Operating Income $115,890

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,577

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Heat Pump Electric
  • Views: City, Mountain
  • CondoAssocYN: No
  • ExpensesGasExp: 2880.00
  • ExpensesManagementExp: 7560.00
  • ExpensesTaxExp: 9577.00
  • Internet Access: Cable
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • MiscellaneousInfoUpgrades: Roof
  • NumberLeasedUnits: 14.00
  • NumberUnfurnished: 16.00
  • NumberVehicleSpaces: 22.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-11-22
  • SubdivisionMap: SW-2 O.S
  • TotalAnnualExpen: 57973.00
  • Water Access Only A Location Of Off Site Water Access: N?A
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (10 or More)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 6000.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Laundry Facility, Maint-Free Exterior
  • Amenities Common: Cable TV

Schools

  • Elementary School: Highland Park
  • Middle School: James Madison
  • High School: William Fleming

Lot Info

  • Lot Dimensions: 50X150
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.17
  • Lot: 7
  • Present Use: Built-As
  • ZoningCode: 24016

Building Info

  • Year Built: 1928

Tax Info

  • Taxes (6 mo): 9577.00
  • FILLTAXID: 1020908

Multi Family

  • Lease Type: One Year, Renewable Option
  • Tenant Pays: Cable TV, Electricity
  • Units In Building: 16.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Highland Park
  • HighSchool: William Fleming
  • 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 List to Sale Price per Sq Ft
01/06/2023 01/06/23 Sold $1,350,000 -9.7% $121 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
10/02/2022 10/02/22 For Sale $1,495,000 -- $134 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jason DeBord

    KEYSTONE REALTY OF ROANOKE LLC

    (540) 588-3322

    4 in this area

    32 Total Sales

    Jason DeBord
    Section Image

  • J

    Buyer's Agent in 2023

    Jason Roggensee

    THE GRANDIN AGENCY

    (540) 243-6940

    2 in this area

    56 Total Sales

    Jason Roggensee
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 893385

Roanoke Valley Association of REALTORS®

APN: 102-0908

Virginia Roanoke City County Roanoke 24016 Old Southwest

202 Elm Ave SW, Roanoke, VA

This home is located at 202 Elm Ave SW, Roanoke, VA 24016 since 02 October 2022. This property was built in 1928. 202 Elm Ave SW is a home located in Roanoke City with nearby schools including Highland Park Elementary School, James Madison Middle School, and William Fleming 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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