622 Elm AVE SW & 626, Roanoke, VA 24016 (MLS# 899294)

$640,000

622 Elm AVE SW & 626
Roanoke, VA 24016
MLS# 899294

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Property Description
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.

Details

Contract Information

Current Price: $640,000

Sold Price: $640,000

List Date: 2023-06-22

Status: Closed

General Property Description

Multi-Family Type: Duplex

Construction Status: Completed

Year Built: 1986

Number of Units: 4

# Unfurnished: 4

# Leased Units: 4

Gross Bldg SQFT: 4200

Total Acreage: 0.3

Basement Y/N: No

Parking Description: Private (1 - 9)

Operating Expense: 16523

Net Operating Income: 33877

Gross Income: 50400

Water Class: N/A

Location Legal Taxes

Area: 0130 - City of Roanoke - SW

Street Number: 622

Street Name: Elm

Street Suffix: AVE

Street Direction Sfx: SW

State/Province: VA

Zip Code: 24016

Subdivision: N/A

Municipality: City of Roanoke

Elementary School: Highland Park

Middle School: James Madison

High School: Patrick Henry

Status Change Info

Ratified Contract Dt: 2023-12-07

Sold Date: 2024-03-06

Sold Price: $640,000

Property Features

Limited Service: Not Limited Service

Construction: Hard Board

Basement: Slab

Heating: Heat Pump Electric

Cooling: Heat Pump Electric

Water Description: Public

Sewer Description: Public Sewer

Water Heater Energy: Electric

Owner Expenses: Lawn Care; Water

Tenant Expenses: Electricity

Listing Office: MKB, REALTORS®

Last Updated: March - 31 - 2025

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