NOT LISTED FOR SALE

622 Elm Ave SW Roanoke, VA 24016

Old Southwest Neighborhood
4 Beds
2 Baths
2,166 Sq Ft
6,534 Sq Ft Lot

Last Sold June 08, 2018

Last sale price $78,500 $36 Per Sq Ft

2 Days on Market

Highlights

  • No HOA
  • Central Air
  • 3-minute walk to Highland Park

About This Home

As of June 2018

Duplex in SW City historic district, great location and income property - perfect for investors! Two units currently rented for $650/month with full one year leases. Refrigerator and range included in both units. Each unit has 3 bedrooms and 1.5 baths. Units each have full laundry room. Units being sold ''as is'' condition. Inspections welcome for informational purposes only, seller not responsible for any repairs. Roof completely replaced in 2016. Typically long term renters for each unit.

Last Agent to Sell the Property

Sara Fisher

LICHTENSTEIN ROWAN, REALTORS(r) License #0225217694 Listed on: 05/21/2018

Co-Listed By

Ginger Francis

LONG & FOSTER - ROANOKE OFFICE License #0225199674

Last Buyer's Agent

Greg McCray

MKB, REALTORS(r) License #0225070603

MKB, REALTORS(r)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,256

Year Built

  • Built in 1986

Lot Details

  • Lot Dimensions are 50 x 130

Home Design

  • 2,166 Sq Ft Home
  • Duplex
  • Slab Foundation

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, heating
  • Legal Lot and Block 10 / 4

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Operating Expense $2,696
  • Gross Income $9,708
  • Net Operating Income $12,404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,256

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Central Cooling
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2018-05-23
  • SubdivisionMap: Lewis Reserve
  • TotalAnnualExpen: 2696.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • 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
  • Water Heater Type: Tank

Schools

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

Lot Info

  • Lot Dimensions: 50 x 130
  • Property Group Id: 19990816212116581394000000
  • Lot: 10
  • Present Use: Built-As

Building Info

  • Year Built: 1986

Tax Info

  • Taxes (6 mo): 1256.00
  • FILLTAXID: 1120709

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Cable TV, Electricity, Heating
  • Units In Building: 2.00
  • 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 Change Sq Ft Price
06/08/2018 06/08/18 Sold $78,500 -34.6% $36 / Sq Ft
05/23/2018 05/23/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $119,950 -- $55 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sara Fisher

    Seller's Agent in 2018

    Sara Fisher

    LICHTENSTEIN ROWAN, REALTORS(r)

    (540) 529-1541

    34 Total Sales

    Sara Fisher
    Section Image

  • G

    Seller Co-Listing Agent in 2018

    Ginger Francis

    LONG & FOSTER - ROANOKE OFFICE

    (540) 580-2447

    81 Total Sales

    Ginger Francis
    Section Image
  • Greg McCray

    Buyer's Agent in 2018

    Greg McCray

    MKB, REALTORS(r)

    (540) 293-2159

    3 in this area

    23 Total Sales

    Greg McCray
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 848640

Roanoke Valley Association of REALTORS®

APN: 112-0709

Virginia Roanoke City County Roanoke 24016 Old Southwest

622 Elm Ave SW, Roanoke, VA

This home is located at 622 Elm Ave SW, Roanoke, VA 24016 since 21 May 2018. This property was built in 1986. 622 Elm Ave SW 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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