2322 Memorial AVE SW, & 2324, Roanoke, VA 24015 (MLS# 872005)

$214,950

2322 Memorial AVE SW, & 2324
Roanoke, VA 24015
MLS# 872005

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Property Description
Great Grandin Court Investment. Large duplex with solid cash flow, rents like a charm, and 100% occupied. Lots of recent upgrades including maintenance free vinyl siding and numerous plumbing and electrical upgrades. The upper unit received full floor refinish, new appliances, new light fixtures, fresh paint, upgraded kitchen and laundry room in 2018. HVAC for both units updated to gas furnace and central AC in 2018. Gas and electric are separately metered. Property features off street parking with driveway that runs from the street to the alley. Large garage not currently rented has the potential to increase annual income.

Details

Maps

Contract Information

Current Price: $205,000

Sold Price: $205,000

List Date: 2020-08-04

Status: Closed

General Property Description

Multi-Family Type: Duplex

Construction Status: Completed

Year Built: 1928

Number of Units: 2

# Unfurnished: 2

# Leased Units: 2

Gross Bldg SQFT: 2111

Lot Dimensions: 52 x 200

Total Acreage: 0.24

Basement Y/N: Yes

Basement: Full Basement

Parking Description: Private (1 - 9)

# Vehicle Spaces: 3

Operating Expense: 4752.78

Net Operating Income: 15897.78

Gross Income: 20650

Water Class: N/A

Location, Legal & Taxes

Major Area: 01 - City of Roanoke

Area: 0130 - City of Roanoke - SW

Street Number: 2322

Street Name: Memorial

Street Suffix: AVE

Street Direction Sfx: SW

Unit #: & 2324

State/Province: VA

Zip Code: 24015

Subdivision: Virginia Heights

Lot: 2

Block: 2

Municipality: City of Roanoke

Tax ID: 1431502

Annual Taxes: 2072.78

POA Y/N: No

Elementary School: Virginia Heights

Middle School: Woodrow Wilson

High School: Patrick Henry

Remarks & Misc

SA Comp: 3

Directions: Grandin Road to a Left on Memorial Ave. Duplex on the left second from the intersection of Memorial Ave. and Fauquier St.

Status Change Info

Ratified Contract Dt: 2020-08-08

Sold Date: 2020-09-30

Sold Price: $205,000

Expenses

Maintenance Exp: 1000

Tax Exp: 2072.78

Insurance Exp: 900

Water Exp: 780

Property Features

Limited Service: Not Limited Service

Construction: Vinyl

Heating: Forced Air Gas

Cooling: Central Cooling

Water Description: Public Water

Sewer Description: Public Sewer

Water Heater Type: Tank

Water Heater Energy: Natural Gas

Lease Type: One Year

Owner Expenses: Trash Disposal; Water

Internet Access: Cable

Tenant Expenses: Electricity; Gas

Listing Office: LAWSON REALTY GROUP LLC

Last Updated: October - 02 - 2020

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