364 Washington Avenue Southwest

Roanoke, VA 24016

$379,950
Price
4
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great Investment opportunity in Old Southwest. Turnkey mid-term rental w/demonstrated gross rent of $4700 per month. Conveniently located close to Downtown Roanoke, Carilion Hospital, Riverside Sports Complex an Virginia Tech Carilion School of Medicine. Unit 1 is a 1 BR Apartment, Unit 2 is a Studio Apartment & Unit 3 is a 2 BR Apartment. All 3 Units are Furnished. Recent Improvements include all new flooring, All Kitchens Renovated, Renovated Bathrooms in Unit #2 and #3, New Gas Furnace in 2018,...Great Investment opportunity in Old Southwest. Turnkey mid-term rental w/demonstrated gross rent of $4700 per month. Conveniently located close to Downtown Roanoke, Carilion Hospital, Riverside Sports Complex an Virginia Tech Carilion School of Medicine. Unit 1 is a 1 BR Apartment, Unit 2 is a Studio Apartment & Unit 3 is a 2 BR Apartment. All 3 Units are Furnished. Recent Improvements include all new flooring, All Kitchens Renovated, Renovated Bathrooms in Unit #2 and #3, New Gas Furnace in 2018, New Hot Water Heater in 2019, New Dishwasher in 2022, Added Walk-in Closet in Unit #3, Added Laundry Room on Entry level Closet (Laundry is shared by all 3 tenants, Some New Light Fixtures & Fresh Paint throughout. Upstairs has 2 additional rooms so 2 BR Unit could easily be converted into a 4BR
  1. Listed by GLENDA MORRIS • LONG & FOSTER - ROANOKE OFFICE

Property Details for 364 Washington Avenue Southwest

View
Mountain(s)
Subdivision Name
N/A
Covered Spaces
28002.0

Location

Listing Courtesy of LONG & FOSTER - ROANOKE OFFICE, GLENDA MORRIS
Add your commute
LISTING UPDATED: 05/04/2024 02:32 PM

Property Details for 364 Washington Avenue Southwest

StatusPending
MLS #907004
Days on Market4
Taxes$3,149 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built1907
Lot Size0.15 AC / 6,534 SF
CountyRoanoke

Location

Listing Courtesy of LONG & FOSTER - ROANOKE OFFICE, GLENDA MORRIS
Add your commute

Building Information for 364 Washington Avenue Southwest

Stories-Residences3Year Built1907Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$2,336 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,074

Property Taxes

$262

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 364 Washington Avenue Southwest

Summary
Location and General Information
  • Directions: Franklin RD to Washington AVE
  • MLS Area Major: 0130 - City of Roanoke - SW
  • City: Roanoke
  • State Or Province: VA
  • Postal Code: 24016
  • County Or Parish: City of Roanoke
  • MLS Area Minor: 0130 - City of Roanoke - SW
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 1022607
  • Tax Block: 22
  • Tax Lot: 6
  • Tax Tract Or Section: 0
  • Tax Amount: $3,149
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $3,149
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Highland Park
  • Middle Or Junior School: James Madison
  • High School: Patrick Henry
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Street
Property
Lot Information
  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6534.0
  • General Property Description - Total Acreage: 0.15
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1907
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
Utilities
  • Miscellaneous Info - Public Transport2: Yes
  • Sewer: Public Sewer
  • Misc Features - Wireless Internet: Yes
  • Water Description - Public Water: Yes
  • Internet Access - Current Internet Prov: Glo FIber
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Wood Siding
  • Amenities Common - Cable TV: Yes
Interior Features
  • Water Heater Type - Tank: Yes
  • Water Heater Energy - Natural Gas: Yes
  • Cooling: Window Unit(s)
  • Heating: Radiator Gas Heat
  • Interior Features: All Drapes, Book Shelves, Breakfast Area, Ceiling Fan(s), Storage, Walk-In Closet(s)
  • Basement: Walkout - Partial
  • Gas: True
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • General Property Description - Basement: Yes
  • Misc Features - Laundry Facility: Yes
  • Interior Features - All Drapes: Yes
  • Interior Features - Book Shelves: Yes
  • Interior Features - Breakfast Area: Yes
  • Interior Features - Ceiling Fan: Yes
  • Interior Features - Storage: Yes
  • Interior Features - Walk - in - Closet: Yes
  • General Property Description - # Furnished: 3.0
  • General Property Description - # Unfurnished: 0.0
  • Misc Features - Historical Theme: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • General Property Description - # Leased Units: 1
Income & Expenses
  • Gross Scheduled Income: $40,430
  • Operating Expense: $12,428
  • Electric Expense: $1,506
  • Gas Expense: $2,239
  • Insurance Expense: $1,087
  • Maintenance Expense: $3,013
  • Professional Management Expense: $240
  • Other Expense: $930
  • General Property Description - Gross Income: $40,430
  • Gross Income: $40,430
  • Net Operating Income: $28,002
  • Expenses - Water Exp: $703
Unit 1
  • Unit Number: Type 1
  • Units Total: 1
  • Beds Total: 1
  • Furnished: 1
  • Stories: 0
  • Parking: Refrigerator
  • Rent: Range Electric
  • Bathroom: Microwave Oven (Built In)
  • Remarks: Dishwasher
Unit 2
  • Unit Number: Type 2
  • Units Total: 2
  • Beds Total: 1
  • Furnished: 1
  • Stories: 0
  • Parking: Refrigerator
  • Rent: Range Gas
Unit 3
  • Unit Number: Type 3
  • Units Total: 3
  • Beds Total: 2
  • Furnished: 1
  • Stories: 0
  • Parking: Refrigerator
  • Rent: Range Gas
  • Bathroom: Microwave Oven (Built In)
Rental
Rental Information
  • Lease Term: Month-to-Month
  • Misc Features - Pet Allowed: Yes
  • Tenant Expenses - No Utilities: Yes

Property History for 364 Washington Avenue Southwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 364 Washington Avenue Southwest

Taxable ValueLand$36,400Additions$175,300Total$211,700
Tax Record2023$2,583 ($215 / month)
Home Facts
Total Finished SqFt3,046 SqFtAbove Grade Finished SqFt3,046 SqFtStories2Lot Size6,490 SqFtStyleMulti-Family Dwelling (2-4)Year Built1907ZoningRM-1CountyROANOKE CITYAPN102-2607Fireplace TypeHas Fireplace

Schools near 364 Washington Avenue Southwest

This home is within Roanoke City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - 9 to 12
Rating
School
Distance
Highland Park Elementary School
PublicPK to 5

James Madison Middle School
Public6 to 8

Patrick Henry High School
Public9 to 12

Community High School
Private9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LONG & FOSTER - ROANOKE OFFICE, GLENDA MORRIS

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.