NOT LISTED FOR SALE

622 Elm Ave SW Unit & 626 Roanoke, VA 24016

Old Southwest Neighborhood
12 Beds
5 Baths
4,200 Sq Ft
0.3 Acres

Last Sold March 06, 2024

Last sale price $640,000 $152 Per Sq Ft

168 Days on Market

About This Home

As of March 2024

Two Duplexes in SW Roanoke for a total of 4 units. Each Unit is 2 or 3 Bedroom, 1.5 Bath, Laundry and 1,050+/- SF each. Renovated in 2019 with new kitchen, bath, HVAC, flooring, siding, roof, etc. Fully leased. Gross Income - $50,400 per year combined. Located within minutes of Downtown and Carilion. Historic Neighborhood.

Last Agent to Sell the Property

David McCray

MKB, REALTORS(r) License #0225119523 Listed on: 06/22/2023

MKB, REALTORS(r)

Last Buyer's Agent

Jodi Stiles

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225052873

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,168

Year Built

  • Built in 1986

Lot Details

  • 0.3 Acre Lot

Home Design

  • 4,200 Sq Ft Home
  • Duplex
  • Slab Foundation
  • Hardboard

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 9 & 10 / 4

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Operating Expense $16,523
  • Gross Income $50,400
  • Net Operating Income $33,877

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,168

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 4.00
  • NumberUnfurnished: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2023-12-07
  • TotalAnnualExpen: 16523.00
  • 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 (1 - 9)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Schools

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

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.30
  • Lot: 9 & 10
  • ZoningCode: RM-1

Building Info

  • Year Built: 1986

Tax Info

  • Taxes (6 mo): 5168.00
  • FILLTAXID: 1120709 & 1120708

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 4.00
  • Multi Family Type: Duplex

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 List to Sale Price per Sq Ft
03/06/2024 03/06/24 Sold $640,000 0.0% $152 / Sq Ft
01/01/2024 01/01/24 Off Market $640,000 -- --
12/07/2023 12/07/23 Pending -- -- --
10/30/2023 10/30/23 Price Changed $649,500 -16.2% $155 / Sq Ft
06/22/2023 06/22/23 For Sale $775,000 -- $185 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David McCray

    Seller's Agent in 2024

    David McCray

    MKB, REALTORS(r)

    (540) 293-2159

    3 in this area

    22 Total Sales

    David McCray
    Section Image

  • J

    Buyer's Agent in 2024

    Jodi Stiles

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 793-3080

    2 in this area

    69 Total Sales

    Jodi Stiles
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 899294

Roanoke Valley Association of REALTORS®

APN: 112-0709

Virginia Roanoke City County Roanoke 24016 Old Southwest

622 Elm Ave SW Unit & 626, Roanoke, VA

This home is located at 622 Elm Ave SW Unit & 626, Roanoke, VA 24016 since 22 June 2023. This property was built in 1986. 622 Elm Ave SW Unit & 626 is a home located in Roanoke City with nearby schools including Wasena 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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