Search - Norm Sells Roanoke & Beyond - REALTORS®

$117,500
1623 REDWOOD RD SE
Roanoke, VA 24014
MLS# 811885



1623 REDWOOD RD SE, Roanoke, VA 24014
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Property Description
Unique “box style” duplex w/ nice updates & good rental income! 2BR right side rents for $640; 3BR left side rents for $715; both on 1-year leases. Around $19K in updates since 2011, inc: new electrical service (2011); new paint, carpet, & blinds (2014); & more. Sale includes 2 sets of appliances. Priced below tax value of $123,100 – great opportunity for investors or owner/occupants!

Details
Maps
Contract Information
Current Price: $103,000
Sold Price: $103,000
List Date: 2015-02-13
Status: Closed
General Property Description
Multi-Family Type: Duplex
Construction Status: Completed
Year Built: 1974
Number of Units: 2
# Unfurnished: 2
# Leased Units: 2
Gross Bldg SQFT: 2080
Lot Dimensions: 50x180
Basement Y/N: Yes
Basement: Dirt - Partial
Parking Description: Other - See Remarks
# Vehicle Spaces: 4
Operating Expense: 3025
Net Operating Income: 13255
Gross Income: 16260
Water Class: N/A
Location, Legal & Taxes
Major Area: 01 - City of Roanoke
Area: 0170 - City of Roanoke - Garden City
Street Number: 1623
Street Name: REDWOOD
Street Suffix: RD
Street Direction Sfx: SE
State/Province: VA
Zip Code: 24014
Subdivision: Rosewood Park
Lot: 12
Block: 1
Municipality: City of Roanoke
Tax ID: 4350312
Annual Taxes: 1465
Zoning Code: RM-1
POA Y/N: No
Elementary School: Garden City
High School: Patrick Henry
Remarks & Misc
Directions: From downtown, take 116S through roundabout onto Bennington to right on Redwood. Duplex on right. No sign. Lockbox on 1623
Status Change Info
Ratified Contract Dt: 2015-06-28
Sold Date: 2015-08-26
Sold Price: $103,000
Internet Access
Cur'nt Internet Prov: Cox
Miscellaneous Info
Public Transport: Yes
Upgrades: Elec Serv (2011)
Expenses
Tax Exp: 1465
Insurance Exp: 520
Water Exp: 1020
Property Features
Limited Service: Not Limited Service
Construction: Aluminum; Brick
Heating: Baseboard Electric
Cooling: Window A/C
Water Description: Public Water
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Lease Type: One Year
Owner Expenses: Lawn Care; Water
Internet Access: Cable
Tenant Expenses: Cable TV; Electricity

Listing Office: RE/MAX ALL POINTS

Last Updated: August - 17 - 2018


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