$490,000
SOLD JUL 11, 2019

636 Allison Ave SW Unit &638 Roanoke, VA 24016

Old Southwest Neighborhood
-- Bed
-- Bath
5,130 Sq Ft
0.26 Acres

Recently Sold

$96 Per Sq Ft

1% Below List Price

Highlights

  • No HOA
  • Baseboard Heating
  • Laundry Facilities
  • Ceiling Fan

About This Home

As of March 2022

Cash flowing 10-unit apartment complex in southwest close to Downtown and Grandin areas. 8 out of 10 units are leased. 1 is rent ready. 1 needs to be re-conditioned. Expenses & Income are based off of a YTD income statement. Available under the documents tab or upon request. All units are 1 bedroom and are currently renting at $525. 6@ $525, 2@$500.

Last Agent to Sell the Property

Jason Roggensee

THE GRANDIN AGENCY License #0225217008 Listed on: 06/27/2019

Co-Listed By

Jacob Price

EXP REALTY LLC - STAFFORD License #0225234352

Last Buyer's Agent

Laken Vail

MKB, REALTORS(r) License #0225219302

MKB, REALTORS(r)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,067

Year Built

  • Built in 1972

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 104x116

Parking

  • 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 5,130 Sq Ft Home
  • Ceiling Fan

Schools

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 7-8 / 7

Community Details

Overview

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

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Operating Expense $10,477
  • Gross Income $28,894
  • Net Operating Income $18,417

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,067

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Baseboard Electric
  • Type: Multi-Family
  • Has Basement: Slab
  • Cooling System: Window A/C
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 8.00
  • NumberUnfurnished: 10.00
  • NumberVehicleSpaces: 12.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2019-06-27
  • TotalAnnualExpen: 10477.17
  • 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 (10 or More)

Utilities

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

Association/Amenities

  • Misc Features: Laundry Facility, Maint-Free Exterior

Schools

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

Lot Info

  • Lot Dimensions: 104x116
  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.26
  • Lot: 7-8

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 5066.66
  • FILLTAXID: 1131305

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 10.00
  • Multi Family Type: Apartments

MLS Schools

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

Range of Values:

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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
03/22/2022 03/22/22 Sold $717,500 -9.7% $140 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $795,000 +62.2% $155 / Sq Ft
07/11/2019 07/11/19 Sold $490,000 -1.0% $96 / Sq Ft
06/27/2019 06/27/19 Pending -- -- --
06/27/2019 06/27/19 For Sale $495,000 -- $96 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Laken Vail

    Seller's Agent in 2022

    Laken Vail

    MKB, REALTORS(r)

    (540) 989-4555

    3 in this area

    74 Total Sales

    Section Image
  • Kelsey Vail

    Seller Co-Listing Agent in 2022

    Kelsey Vail

    MKB, REALTORS(r)

    (540) 588-8187

    3 in this area

    71 Total Sales

    Section Image

  • J

    Buyer's Agent in 2022

    Jason DeBord

    IVY REALTY OF ROANOKE LLC

    (540) 588-3322

    4 in this area

    32 Total Sales

    Section Image

  • J

    Seller's Agent in 2019

    Jason Roggensee

    THE GRANDIN AGENCY

    (540) 243-6940

    2 in this area

    58 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2019

    Jacob Price

    EXP REALTY LLC - STAFFORD

    (540) 798-2303

    39 Total Sales

    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 861130

Roanoke Valley Association of REALTORS®

APN: 113-1305

Virginia Roanoke City County Roanoke 24016 Old Southwest

636 Allison Ave SW Unit &638, Roanoke, VA

This home is located at 636 Allison Ave SW Unit &638, Roanoke, VA 24016 and is currently priced at $490,000, approximately $95 per square foot. This property was built in 1972. 636 Allison Ave SW Unit &638 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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