NOT LISTED FOR SALE

220 8th St Vinton, VA 24179

-- Bed
-- Bath
62,433 Sq Ft
3.07 Acres

Last Sold December 24, 2024

Last sale price $5,850,000 $94 Per Sq Ft

24 Days on Market

Highlights

  • 3.07 Acre Lot
  • No HOA
  • Laundry Facilities
  • William Byrd Middle School Rated A-

About This Home

As of December 2024

72-unit multifamily with low maintenance brick exterior and adequate on-site parking. Common areas have been recently renovated and furnished with coin operated laundry equipment. Tenants pay electricity and a porata share of water/sewer/trash via a ratio utility billing system.

Last Agent to Sell the Property

Cody McCraw

IVY REALTY LLC License #0225193921 Listed on: 09/17/2024

Last Buyer's Agent

Cody McCraw

IVY REALTY LLC License #0225193921 Listed on: 09/17/2024

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $36,340

Year Built

  • Built in 1972

Lot Details

  • 3.07 Acre Lot

Parking

  • 125 Parking Spaces

Home Design

  • 62,433 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation

Schools

  • Herman L. Horn Elementary School
  • William Byrd Middle School
  • William Byrd High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 1-17, 9-16 / 5, 3

Community Details

Overview

  • No Home Owners Association
  • 72 Units

Amenities

  • Laundry Facilities

Building Details

  • 72 Leased Units
  • Operating Expense $266,179
  • Gross Income $764,470
  • Net Operating Income $460,067

Property Details

Home Type

Apartment

Est. Annual Taxes

$36,340

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • Internet Access: Cable
  • Major Area: 02 - Roanoke County
  • NumberLeasedUnits: 72.00
  • NumberUnfurnished: 72.00
  • NumberVehicleSpaces: 125.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 266179.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (10 or More)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Laundry Facility

Lot Info

  • Lot Dimensions: 280x327, 330x171
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 3.07
  • Lot: 1-17, 9-16
  • Present Use: Built-As
  • ZoningCode: R2 & M2

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 36340.00

Multi Family

  • Lease Type: One Year
  • Tenant Pays: All Utilities
  • Units In Building: 72.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Herman L. Horn
  • HighSchool: William Byrd
  • Middle School: William Byrd
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
12/24/2024 12/24/24 Sold $5,850,000 -2.5% $94 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $6,000,000 -- $96 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $36,809 $3,573,700 $97,800 $3,475,900
2024 $32,155 $3,091,800 $84,000 $3,007,800
2023 $28,822 $2,719,100 $84,000 $2,635,100
2022 $27,832 $2,553,400 $84,000 $2,469,400
2021 $27,396 $2,513,400 $80,000 $2,433,400
2020 $27,246 $2,499,600 $80,000 $2,419,600
2019 $27,106 $2,486,800 $80,000 $2,406,800
2018 $25,487 $2,411,600 $80,000 $2,331,600
2017 $25,487 $2,338,300 $76,000 $2,262,300
2016 $24,637 $2,260,300 $104,700 $2,155,600
2015 $24,255 $2,225,200 $104,500 $2,120,700
2014 $23,777 $2,181,400 $104,500 $2,076,900
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
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 911020

Roanoke Valley Association of REALTORS®

APN: 060.11-03-01

Virginia Roanoke County Vinton 24179

220 8th St, Vinton, VA

Not Listed for Sale

MultiFamily

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.

Nearby Homes