NOT LISTED FOR SALE

2322 Memorial Ave SW Unit & 2324 Roanoke, VA 24015

Raleigh Court Neighborhood
-- Bed
-- Bath
2,111 Sq Ft
10,454 Sq Ft Lot

Last Sold September 30, 2020

Last sale price $205,000 $97 Per Sq Ft

4 Days on Market

About This Home

As of September 2020

Great Grandin Court Investment. Large duplex with solid cash flow, rents like a charm, and 100% occupied. Lots of recent upgrades including maintenance free vinyl siding and numerous plumbing and electrical upgrades. The upper unit received full floor refinish, new appliances, new light fixtures, fresh paint, upgraded kitchen and laundry room in 2018. HVAC for both units updated to gas furnace and central AC in 2018. Gas and electric are separately metered. Property features off street parking with driveway that runs from the street to the alley. Large garage not currently rented has the potential to increase annual income.

Last Listed By

Rob Lawson

LAWSON REALTY GROUP LLC License #0225199764 Listed on: 08/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,073

Year Built

  • Built in 1928

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 52 x 200

Parking

  • 3 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 2,111 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Virginia Heights Elementary School
  • Woodrow Wilson Middle School
  • Patrick Henry High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / 2

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Virginia Heights Subdivision

Building Details

  • 2 Leased Units
  • Insurance Expense $900
  • Maintenance Expense $1,000
  • Water Sewer Expense $780
  • New Taxes Expense $2,073
  • Operating Expense $4,753
  • Gross Income $20,650
  • Net Operating Income $15,898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,073

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Heating System: Forced Air Gas
  • Type: Multi-Family
  • Has Basement: Full Basement
  • Cooling System: Central Cooling
  • ExpensesTaxExp: 2072.78
  • Internet Access: Cable
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 3.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2020-08-08
  • TotalAnnualExpen: 4752.78
  • 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 (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Expenses Water Exp: 780.00
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Virginia Heights
  • Middle School: Woodrow Wilson
  • High School: Patrick Henry

Lot Info

  • Lot Dimensions: 52 x 200
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.24
  • Lot: 2

Building Info

  • Year Built: 1928

Tax Info

  • Taxes (6 mo): 2072.78
  • FILLTAXID: 1431502

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Electricity, Gas
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Virginia Heights
  • HighSchool: Patrick Henry
  • Middle School: Woodrow Wilson

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
09/30/2020 09/30/20 Sold $205,000 -4.6% $97 / Sq Ft
08/08/2020 08/08/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $214,950 +38.7% $102 / Sq Ft
05/17/2018 05/17/18 Sold $155,000 -3.1% $73 / Sq Ft
03/08/2018 03/08/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $159,950 -- $76 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rob Lawson

    LAWSON REALTY GROUP LLC

    (540) 400-8745

    2 in this area

    26 Total Sales

    Rob Lawson
    Section Image
  • Jason Jones

    Seller Co-Listing Agent in 2020

    Jason Jones

    LAWSON REALTY GROUP LLC

    (540) 769-7844

    3 in this area

    35 Total Sales

    Jason Jones
    Section Image

  • N

    Buyer's Agent in 2020

    Non Member Transaction Agent

    Non-Member Transaction Office

  • M

    Seller's Agent in 2018

    Melissa Frost

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 397-3324

    85 Total Sales

    Melissa Frost
    Section Image
  • Neal Wall

    Buyer's Agent in 2018

    Neal Wall

    JMAX PROPERTY MANAGEMENT LLC

    (540) 309-3924

    2 in this area

    33 Total Sales

    Neal Wall
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 872005

Roanoke Valley Association of REALTORS®

APN: 143-1502

Virginia Roanoke City County Roanoke 24015 Raleigh Court

2322 Memorial Ave SW Unit & 2324, Roanoke, VA

Homes for Sale in Roanoke, VA

This home is located at 2322 Memorial Ave SW Unit & 2324, Roanoke, VA 24015 since 04 August 2020. This property was built in 1928. 2322 Memorial Ave SW Unit & 2324 is a home located in Roanoke City with nearby schools including Virginia Heights Elementary School, Woodrow Wilson 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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