111 Highland AVE SW, Roanoke, VA 24016

$775,000
Property Type: MultiFamily Lot Size (sq. ft.): 4,356 Status: Active
Current Price: $775,000 List Date: 4/01/2024 Last Modified: 4/07/2024

Description

Historic apartment building located close to Downtown Roanoke and Carilion Roanoke Memorial Hospital in the Old Southwest neighborhood. Units enjoy mountainous views, in-unit washer/dryers, and central heat pump systems. All units separately metered for electricity. Owner responsible for water. Trash collection provided by Roanoke City and included in property taxes. This property is located in a designated qualified opportunity zone. See https://www.dhcd.virginia.gov/opportunity-zones-oz for more information regarding opportunity zones.

More Information MLS# 906257

Contract Information

Current Price: $775,000 List Price: $775,000 List Date: 2024-04-01 Status: Active

General Property Description

Multi-Family Type: Apartments Construction Status: Completed Year Built: 1900 Present Use: Built-As Number of Units: 7 # Unfurnished: 7 # Leased Units: 7 Gross Bldg SQFT: 6171 Lot Dimensions: 56x85 Total Acreage: 0.1 Basement Y/N: Yes Basement: Walkout - Full Parking Description: Off Site Gross Income: 72300 Water Class: N/A

Location, Legal & Taxes

Major Area: 01 - City of Roanoke Area: 0130 - City of Roanoke - SW Street Number: 111 Street Name: Highland Street Suffix: AVE Street Direction Sfx: SW State/Province: VA Zip Code: 24016 Subdivision: N/A Lot: E PT Lot 6&7 Block: 3 O S Section: SW3 Municipality: City of Roanoke Tax ID: 1021708 Annual Taxes: 5264.04 Zoning Code: MX POA Y/N: No Elementary School: Highland Park Middle School: James Madison High School: William Fleming

Remarks & Misc

Directions: From I-581, go west on Elm Ave, turn left on S Jefferson St, turn right on Highland Ave.

Property Features

Limited Service: Not Limited Service Construction: Vinyl Heating: Heat Pump Electric Cooling: Heat Pump Electric Water Description: Public Water Sewer Description: Public Sewer Water Heater Type: Tank Water Heater Energy: Electric Lease Type: One Year Owner Expenses: Trash Disposal; Water Views: Mountain Tenant Expenses: Electricity
Listing Office: KELLER WILLIAMS REALTY ROANOKE
Last Updated: April - 07 - 2024

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