NOT LISTED FOR SALE

740 Suburban Ave SW Roanoke, VA 24015

Wasena Neighborhood
5 Beds
2 Baths
2,268 Sq Ft
10,454 Sq Ft Lot

Last Sold April 05, 2022

Last sale price $250,000 $110 Per Sq Ft

8 Days on Market

About This Home

As of April 2022

Excellent opportunity in the heart of SW City - literally just minutes to downtown, the Greenway, Towers Mall and all that the Roanoke Valley has to offer. This very spacious duplex boasts large rooms, plenty of storage, dedicated parking and has been well maintained by its owners. The tenants are long term so the new owner can start cash flowing from day 1! Landlord pays water, sewer and lawn care. Both units are separately metered and tenant pays electricity, heating & cooling.

Last Agent to Sell the Property

Richard Limroth

VALLEY REALTY License #0225060455 Listed on: 02/24/2022

Last Buyer's Agent

Krista Vannoy

WALDVOGEL COMMERCIAL PROPERTIES License #0225060152

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,756

Year Built

  • Built in 1964

Lot Details

  • 10,454 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • 2,268 Sq Ft Home
  • Duplex
  • Slab Foundation

Schools

  • Wasena Elementary School
  • James Madison Middle School
  • Patrick Henry High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heating
  • Legal Lot and Block 24 / 5

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Wasena Hills Subdivision

Building Details

  • 2 Leased Units
  • Operating Expense $4,706
  • Gross Income $16,200
  • Net Operating Income $11,494

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,756

Year Built

Built in 1964

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: 2.00
  • NumberUnfurnished: 2.00
  • NumberVehicleSpaces: 4.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-03-04
  • TotalAnnualExpen: 4706.00
  • 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: Wasena
  • Middle School: James Madison
  • High School: Patrick Henry

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.24
  • Lot: 24
  • Present Use: Built-As

Building Info

  • Year Built: 1964

Tax Info

  • Taxes (6 mo): 1756.00
  • FILLTAXID: 1250612

Multi Family

  • Lease Type: Month-to-Month
  • Tenant Pays: Air Conditioning, Electricity, Heating
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Wasena
  • 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
04/05/2022 04/05/22 Sold $250,000 0.0% $110 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $250,000 -- $110 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Richard Limroth

    VALLEY REALTY

    (540) 344-6637

    2 in this area

    69 Total Sales

    Richard Limroth
    Section Image
  • Krista Vannoy

    Buyer's Agent in 2022

    Krista Vannoy

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 225-2490

    1 in this area

    19 Total Sales

    Krista Vannoy
    Section Image
  • Michael Waldvogel

    Buyer Co-Listing Agent in 2022

    Michael Waldvogel

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 342-0800

    1 in this area

    20 Total Sales

    Michael Waldvogel
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 887194

Roanoke Valley Association of REALTORS®

APN: 125-0612

Virginia Roanoke City County Roanoke 24015 Wasena

740 Suburban Ave SW, Roanoke, VA

This home is located at 740 Suburban Ave SW, Roanoke, VA 24015 since 24 February 2022. This property was built in 1964. 740 Suburban 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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