NOT LISTED FOR SALE

420 Allison Ave SW Roanoke, VA 24016

Old Southwest Neighborhood
5 Beds
5 Baths
4,277 Sq Ft
0.29 Acres

Last Sold December 01, 2021

Last sale price $415,000 $97 Per Sq Ft

25 Days on Market

Highlights

  • No HOA
  • Zoned Heating and Cooling
  • 4-minute walk to Highland Dog Park

About This Home

As of December 2021

Over $30k in recent improvements! Welcome to 420 Allison Ave SW. This positive cash flow Quadruplex has been well maintained with solid income stream and historically nets $3,000 per month. Perfect opportunity for new or season investors. Located within walking distance to Roanoke Memorial hospital, Greenways, neighborhood restaurants and Downtown Roanoke.

Last Agent to Sell the Property

Joe Kraft

LICHTENSTEIN ROWAN, REALTORS(r) License #0225180222 Listed on: 10/13/2021

LICHTENSTEIN ROWAN, REALTORS(r)

Last Buyer's Agent

Kimberly Cook

COLDWELL BANKER TOWNSIDE, REALTORS(r) License #0225057453

COLDWELL BANKER TOWNSIDE, REALTORS(r)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,673

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 100x130

Parking

  • On-Street Parking

Home Design

  • 4,277 Sq Ft Home
  • Quadruplex

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 4-5 / 9 E B & I

Community Details

Overview

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

Building Details

  • 3 Leased Units
  • Operating Expense $8,324
  • Gross Income $44,400
  • Net Operating Income $36,076

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,673

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Heating System: Zoned Heat
  • Type: Multi-Family
  • Has Basement: Walkout - Full
  • Cooling System: Zoned Cooling
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 3.00
  • NumberUnfurnished: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2021-11-07
  • TotalAnnualExpen: 8324.00
  • Water Class: N/A
  • Water Heater Energy: Natural Gas
  • YardSign: Yes
  • 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: Pet Allowed

Schools

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

Lot Info

  • Lot Dimensions: 100x130
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.29
  • Lot: 4-5
  • Present Use: Converted
  • ZoningCode: RM-1

Building Info

  • Year Built: 1900

Tax Info

  • Taxes (6 mo): 3673.41
  • FILLTAXID: 1030304

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Cable TV, Electricity
  • Units In Building: 4.00
  • Multi Family Type: Quad

MLS Schools

  • Elementary School: Highland 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
12/01/2021 12/01/21 Sold $415,000 -3.3% $97 / Sq Ft
11/07/2021 11/07/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $429,000 -- $100 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joe Kraft

    Seller's Agent in 2021

    Joe Kraft

    LICHTENSTEIN ROWAN, REALTORS(r)

    (727) 296-7492

    22 in this area

    368 Total Sales

    Joe Kraft
    Section Image

  • K

    Buyer's Agent in 2021

    Kimberly Cook

    COLDWELL BANKER TOWNSIDE, REALTORS(r)

    (540) 309-9600

    2 in this area

    28 Total Sales

    Kimberly Cook
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 884544

Roanoke Valley Association of REALTORS®

APN: 103-0304

Virginia Roanoke City County Roanoke 24016 Old Southwest

420 Allison Ave SW, Roanoke, VA

This home is located at 420 Allison Ave SW, Roanoke, VA 24016 since 13 October 2021. This property was built in 1900. 420 Allison Ave SW is a home located in Roanoke City with nearby schools including Highland 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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