622 Elm AVE SW, Roanoke, VA 24016 (MLS# 848640)

$78,500

622 Elm AVE SW
Roanoke, VA 24016
MLS# 848640

1 / 11

Property Description
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.

Details

General Property Description

Lot Dimensions: 50 x 130

Multi-Family Type: Duplex

Construction Status: Completed

Present Use: Built-As

# Furnished: 0

# Unfurnished: 2

# Leased Units: 2

Gross Bldg SQFT: 2166

Basement Y/N: No

Water Class: N/A

Parking Description: Private (1 - 9)

Gross Income: 9708

Year Built: 1986

Number of Units: 2

Operating Expense: 2696

Net Operating Income: 12404

Location, Tax & Legal

Major Area: 01 - City of Roanoke

Phase: 0

Subdivision Map: Lewis Reserve

Lot: 10

Block: 4

Tax ID: 1120709

Annual Taxes: 1256

Section: 0

POA Y/N: No

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

Remarks & Misc

Public Remarks: 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.

Directions: From 581 take Elm Ave, SW - head West, House on left. Parking behind unit.

Limited Service

Not Limited Service: 1

Construction

Wood: 1

Basement

Slab: 1

Heating

Heat Pump Electric: 1

Cooling

Central Air: 1

Water Description

Public: 1

Sewer Description

Public Sewer: 1

Water Heater Type

Tank: 1

Water Heater Energy

Electric: 1

Lease Type

One Year: 1

Owner Expenses

Sewer: 1

Water: 1

Tenant Expenses

Cable TV: 1

Electricity: 1

Heating: 1

Contract Information

Current Price: $78,500

Sold Price: $78,500

List Date: 2018-05-21

Status: Closed

Status Change Info

Ratified Contract Dt: 2018-05-23

Sold Date: 2018-06-08

Sold Price: $78,500

Property Features

Limited Service: Not Limited Service

Construction: Wood

Basement: Slab

Heating: Heat Pump Electric

Cooling: Central Air

Water Description: Public

Sewer Description: Public Sewer

Water Heater Type: Tank

Water Heater Energy: Electric

Lease Type: One Year

Owner Expenses: Water

Tenant Expenses: Cable TV; Electricity; Heating

Listing Office: LICHTENSTEIN ROWAN, REALTORS®

Last Updated: September - 21 - 2026

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