202 Elm AVE SW $1,495,000


    202 Elm AVE SW Roanoke, VA 24016

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 893385
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    Views: 29 Days On Site: 116

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    Property Details

    Property is just out of the Historic district. Location is fantastic to everything downtown Roanoke! Most of the windows have been replaced with vinyl replacement windows. Roof was replaced this year, new 30 year architectural shingles. Property never has a problem with renting out vacant units. Owner has updated many of the units. Many long term tenants as well. Owner owns coin operated laundry machines which are located on first floor. One of Southwest's best! Buyer and buyer agent to verify and satisfy themselves to the condition and accuracy of this information. Property to be sold ''As Is'' seller will not make any repairs.

    • General Features
      • Present Use Built-As
      • Year Built 1928
      • Lease Type One Year,Renewable Option
      • # of Vehicle Spaces 22.00
      • Owner Expenses Gas, Sewer, Water
      • Tenant Expenses Cable TV, Electricity
      • Total Annual Expenses 57973.00
      • Gross Income 57917.00
      • Management Expenses 7560.00
      • Maintenance Expenses 40453.00
      • Electric Expenses 1080.00
      • Gas Expenses 2880.00
      • Water Expenses 6000.00
      • Tax Expenses 9577.00
      • Subdivision N/A
      • Area 0130 - City of Roanoke - SW
    • Building Features
      • Total Units 16.00
      • Gross Building SqFt 11194.00
      • # of Leased Units 14.00
      • # of Unfurnished Units 16.00
      • # of Furnished Units 0.00
      • Construction Brick, Wood
      • Basement Partial Basement
      • Cooling Heat Pump Electric
      • Heating Heat Pump Electric
      • Interior Features Ceiling Fan
      • Misc Features Laundry Facility, Maint-Free Exterior
    • Property Features
      • Lot Dimensions 50X150
      • Total Acreage 0.17
      • Parking Description Private (10 or More)
      • Sewer Description Public Sewer
      • Water Class N/A
      • Water Description Public Water
    • Schools
      • Elementary School Highland Park
      • Middle School James Madison
      • High School William Fleming



    24016 (Roanoke) Demographics

    33 Median Age
    2,708 Population Density (per sq. mile)
    34% College Educated
    $29,407 Estimated Median Income
    1,013 Estimated Total Home Owners
    3,290 Estimated Total Renters
    24% / 76% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    8,912 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $265,000 Median Sales Price
    3 Homes Sold
    4 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,495,000
        11/22/2022 10:19:03 PM Status Changed Source: Multiple Listing Service New Value: Pending
        11/11/2022 4:19:05 PM Status Changed Source: Multiple Listing Service New Value: Active
        11/1/2022 2:34:05 PM Status Changed Source: Multiple Listing Service New Value: Pending
        10/2/2022 4:49:00 PM New in Database Source: Multiple Listing Service New Value: $1,495,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.