626 Elm AVE, Roanoke, VA 24016 (MLS# 848641)

$78,500

626 Elm AVE
Roanoke, VA 24016
MLS# 848641

1 / 1

Property Description
Duplex in SW City historic district, great opportunity for investors! Currently both units rented with full one year leases at $650 and $620 per month for each unit. Each unit has 3 bedrooms and 1.5 baths and a large laundry room. Both units have long term rental history. Property being sold as is. Inspections welcome, informational purposes only, no repairs made by the seller. Both units have newer heat pumps (2016-2017)

Details

General Property Description

Lot Dimensions: 50 x 130

Multi-Family Type: Duplex

Construction Status: Completed

# 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: 9348

Year Built: 1986

Number of Units: 2

Operating Expense: 2696

Net Operating Income: 12044

Location, Tax & Legal

Major Area: 01 - City of Roanoke

Phase: 0

Subdivision Map: Lewis Reserve

Lot: 9

Block: 4

Tax ID: 1120708

Annual Taxes: 1256

Section: 0

POA Y/N: No

Area: 0130 - City of Roanoke - SW

Street Number: 626

Street Name: Elm

Street Suffix: AVE

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 opportunity for investors! Currently both units rented with full one year leases at $650 and $620 per month for each unit. Each unit has 3 bedrooms and 1.5 baths and a large laundry room. Both units have long term rental history. Property being sold as is. Inspections welcome, informational purposes only, no repairs made by the seller. Both units have newer heat pumps (2016-2017)

Directions: 581 to Elm Ave SW, proceed west, house on left. Parking available behind duplex.

Limited Service

Not Limited Service: 1

Construction

Vinyl: 1

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

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: Vinyl; 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

Owner Expenses: Water

Tenant Expenses: Cable TV; Electricity; Heating

Listing Office: LICHTENSTEIN ROWAN, REALTORS®

Last Updated: September - 21 - 2026

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