NOT LISTED FOR SALE

433 Janette Ave SW Roanoke, VA 24016

Old Southwest Neighborhood
-- Bed
-- Bath
5,324 Sq Ft
6,970 Sq Ft Lot

Last Sold February 27, 2020

Last sale price $390,000 $73 Per Sq Ft

162 Days on Market

About This Home

As of February 2020

8-unit building in one of the most established sections of Old SW with convenient access to the Franklin Road bridge, downtown, the hospital, and the newly emerging medical district. Roof replaced within past 10 years. Mostly vinyl windows. All apartments feature upgraded panel boxes, electric hot water heaters, & ductless mini-split central cooling units. With three units currently vacant, the property is poised for revitalization with tons of upside available, offering a true-value add investment opportunity.

Co-Listed By

Jason Fountain

VRC PROPERTIES LLC License #0225077081

Last Buyer's Agent

Neil Conner

THE GOOD SIGN REAL ESTATE CO. License #0225038090

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,879

Year Built

  • Built in 1958

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x142

Parking

  • On-Street Parking

Home Design

  • 5,324 Sq Ft Home
  • Slab Foundation

Schools

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

Utilities

  • Ductless Heating Or Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heating
  • Legal Lot and Block 18 / 5

Community Details

Overview

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

Building Details

  • 5 Leased Units
  • Operating Expense $20,730
  • Gross Income $52,800
  • Net Operating Income $30,330

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,879

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Heating System: Ductless
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Ductless, Other - See Remarks
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 5.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2019-12-18
  • TotalAnnualExpen: 20730.00
  • 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: Street

Utilities

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

Schools

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

Lot Info

  • Lot Dimensions: 50x142
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.16
  • Lot: 18
  • ZoningCode: RM-2

Building Info

  • Year Built: 1958

Tax Info

  • Taxes (6 mo): 4879.00
  • FILLTAXID: 1031013

Multi Family

  • Tenant Pays: Air Conditioning, Electricity, Heating
  • Units In Building: 8.00
  • Multi Family Type: Apartments

MLS Schools

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

Range of Values:

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Average Value
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List Price
Sold Price
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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
02/27/2020 02/27/20 Sold $390,000 -10.3% $73 / Sq Ft
12/18/2019 12/18/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $435,000 -- $82 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jason Fountain

    Seller Co-Listing Agent in 2020

    Jason Fountain

    VRC PROPERTIES LLC

    (540) 354-6456

    3 in this area

    55 Total Sales

    Jason Fountain
    Section Image

  • N

    Buyer's Agent in 2020

    Neil Conner

    THE GOOD SIGN REAL ESTATE CO.

    (540) 375-9000

    93 Total Sales

    Neil Conner
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 861037

Roanoke Valley Association of REALTORS®

APN: 103-1013

Virginia Roanoke City County Roanoke 24016 Old Southwest

433 Janette Ave SW, Roanoke, VA

This home is located at 433 Janette Ave SW, Roanoke, VA 24016 since 09 July 2019. This property was built in 1958. 433 Janette 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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