220 8th ST, Vinton, VA 24179 (MLS# 911020)

$5,850,000

220 8th ST
Vinton, VA 24179
MLS# 911020

1 / 7

Property Description
72-unit multifamily with low maintenance brick exterior and adequate on-site parking. Common areas have been recently renovated and furnished with coin operated laundry equipment. Tenants pay electricity and a porata share of water/sewer/trash via a ratio utility billing system.

Details

Maps

Contract Information

Current Price: $5,850,000

Sold Price: $5,850,000

List Date: 2024-09-17

Status: Closed

General Property Description

Multi-Family Type: Apartments

Construction Status: Completed

Year Built: 1972

Present Use: Built-As

Number of Units: 72

# Unfurnished: 72

# Leased Units: 72

Gross Bldg SQFT: 62433

Lot Dimensions: 280x327, 330x171

Total Acreage: 3.07

Basement Y/N: No

Parking Description: Private (10 or More)

# Vehicle Spaces: 125

Operating Expense: 266179

Net Operating Income: 460067

Gross Income: 764470

Water Class: N/A

Location Legal Taxes

Area: 0221 - Roanoke County - Town of Vinton

Street Number: 220

Street Name: 8th

Street Suffix: ST

State/Province: VA

Zip Code: 24179

Subdivision: N/A

Municipality: Town of Vinton

Elementary School: Herman L. Horn

Middle School: William Byrd

High School: William Byrd

Status Change Info

Ratified Contract Dt: 2024-10-11

Sold Date: 2024-12-24

Sold Price: $5,850,000

Property Features

Limited Service: Not Limited Service

Financing Options: Owner Financing Y

Construction: Brick

Basement: Slab

Heating: Heat Pump Electric

Cooling: Heat Pump Electric

Water Description: Public

Sewer Description: Public Sewer

Water Heater Type: Tank

Water Heater Energy: Electric

Lease Type: One Year

Owner Expenses: Other - See Remarks

Misc Features: Laundry Facility

Internet Access: Cable

Tenant Expenses: All Utilities

Slr Pd Fin Concessns: Not Disclosed

Listing Office: KELLER WILLIAMS REALTY ROANOKE

Last Updated: July - 23 - 2025

All searches are performed on live data on the MLS server. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited.