NOT LISTED FOR SALE

378 Elm Ave SW Roanoke, VA 24016

Old Southwest Neighborhood
-- Bed
14 Baths
8,208 Sq Ft
6,534 Sq Ft Lot

Last Sold November 18, 2015

Last sale price $900,000 $110 Per Sq Ft

24 Days on Market

About This Home

As of November 2015

Elegant brick apartment building located within walking distance of Downtown in Roanoke' s historic Old Southwest neighborhood. This 14 unit building features a mix of one-bedroom, two-bedroom and studio apartments with a strong rental history. Amenities include refinished hardwood floors throughout and a coin operated laundry facility for additional income. A brand new architectural shingle roof

Last Agent to Sell the Property

Jason Fountain

VRC PROPERTIES LLC License #0225077081 Listed on: 08/05/2015

Last Buyer's Agent

Jason Fountain

VRC PROPERTIES LLC License #0225077081 Listed on: 08/05/2015

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,001

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 130

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 8,208 Sq Ft Home
  • City Views
  • Partial Basement

Schools

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

Utilities

  • Window Unit Cooling System
  • Radiator
  • Water Heater

Listing and Financial Details

  • Tenant pays for no utilities
  • Legal Lot and Block 1 / 14

Community Details

Overview

  • No Home Owners Association
  • 14 Units
  • Old Southwest Subdivision

Building Details

  • 14 Leased Units
  • Operating Expense $49,335
  • Gross Income $111,000
  • Net Operating Income $58,695

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,001

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Heating System: Radiator Gas Heat
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Window A/C
  • Views: City
  • Major Area: 01 - City of Roanoke
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 14.00
  • NumberUnfurnished: 14.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2015-08-29
  • TotalAnnualExpen: 49335.00
  • Water Class: N/A
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Street

Utilities

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

Association/Amenities

  • Misc Features: Current Lease, Historical Theme

Schools

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

Lot Info

  • Lot Dimensions: 50 x 130
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.15
  • Lot: 1
  • Present Use: Built-As
  • ZoningCode: RM-2

Building Info

  • Year Built: 1920

Tax Info

  • Taxes (6 mo): 6001.00
  • FILLTAXID: 1020701

Multi Family

  • Lease Type: One Year
  • Tenant Pays: No Utilities
  • Units In Building: 14.00
  • 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
11/18/2015 11/18/15 Sold $900,000 +24.1% $110 / Sq Ft
08/29/2015 08/29/15 Pending -- -- --
08/05/2015 08/05/15 For Sale $725,000 -- $88 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jason Fountain

    Seller's Agent in 2015

    Jason Fountain

    VRC PROPERTIES LLC

    (540) 354-6456

    5 in this area

    56 Total Sales

    Jason Fountain
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 818116

Roanoke Valley Association of REALTORS®

APN: 102-0701

Virginia Roanoke City County Roanoke 24016 Old Southwest

378 Elm Ave SW, Roanoke, VA

This home is located at 378 Elm Ave SW, Roanoke, VA 24016 since 05 August 2015. This property was built in 1920. 378 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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