NOT LISTED FOR SALE

117 Avendale Ave NE Roanoke, VA 24012

Williamson Road Neighborhood
-- Bed
-- Bath
10,254 Sq Ft
0.5 Acres

Last Sold March 22, 2024

Last sale price $950,000 $93 Per Sq Ft

11 Days on Market

Highlights

  • 0.5 Acre Lot
  • No HOA
  • Central Air

About This Home

As of March 2024

Ideally located aside one of Roanoke's main thoroughfares and minutes from downtown Roanoke, this fully occupied 12-unit apartment complex offers a stable, performing asset with considerable upside. Currently under professional management, new leases have seen an increase of over 20%. Features include 1-bedroom and 2-bedroom floorplans, off street parking, onsite laundry facility, and central air in all units. Electricity separately metered and covered by tenants, owner pays water/sewer and trash removal. New roofs on both buildings within the last two years

Last Listed By

Derek Hicks

WALDVOGEL COMMERCIAL PROPERTIES License #0225248097 Listed on: 02/22/2024

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,816

Year Built

  • Built in 1972

Lot Details

  • 0.5 Acre Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 10,254 Sq Ft Home
  • Crawl Space

Schools

  • Lincoln Terrace Elementary School
  • Lucy Addison Middle School
  • William Fleming High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 7-9 / 1

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • 12 Leased Units
  • Operating Expense $38,804
  • Gross Income $107,640
  • Net Operating Income $68,836

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,816

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Crawl Space
  • Cooling System: Central Cooling, Heat Pump Electric
  • CondoAssocYN: No
  • Major Area: 01 - City of Roanoke
  • NumberLeasedUnits: 12.00
  • NumberUnfurnished: 12.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2024-03-04
  • SubdivisionMap: Avendale
  • TotalAnnualExpen: 38804.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: No

Garage/Parking

  • Parking Description: Private (10 or More)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water

Schools

  • Elementary School: Lincoln Terrace
  • Middle School: Lucy Addison
  • High School: William Fleming

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 0.50
  • Lot: 7-9
  • Present Use: Built-As
  • ZoningCode: RMF

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 8816.00
  • FILLTAXID: 3090921

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Electricity
  • Units In Building: 12.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Lincoln Terrace
  • HighSchool: William Fleming
  • Middle School: Lucy Addison

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $950,000 -2.6% $93 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $975,000 +116.9% $95 / Sq Ft
03/07/2012 03/07/12 Sold $449,500 0.0% $44 / Sq Ft
02/02/2012 02/02/12 Pending -- -- --
05/18/2010 05/18/10 For Sale $449,500 -- $44 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Derek Hicks

    Seller's Agent in 2024

    Derek Hicks

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 330-6126

    1 in this area

    48 Total Sales

    Derek Hicks
    Section Image
  • Matthew Zimmerman

    Seller Co-Listing Agent in 2024

    Matthew Zimmerman

    WALDVOGEL COMMERCIAL PROPERTIES

    (540) 759-1884

    2 in this area

    43 Total Sales

    Matthew Zimmerman
    Section Image
  • Edgar Ornelas

    Buyer's Agent in 2024

    Edgar Ornelas

    MKB, REALTORS(r)

    (540) 819-2263

    7 in this area

    81 Total Sales

    Edgar Ornelas
    Section Image

  • D

    Buyer's Agent in 2012

    Dana Walker

    EDWIN C HALL ASSOCIATES INC

    (540) 580-5038

    Dana Walker
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 905225

Roanoke Valley Association of REALTORS®

APN: 309-0921

Virginia Roanoke City County Roanoke 24012 Williamson Road

117 Avendale Ave NE, Roanoke, VA

Homes for Sale in Roanoke, VA

This home is located at 117 Avendale Ave NE, Roanoke, VA 24012 since 22 February 2024. This property was built in 1972. 117 Avendale Ave NE is a home located in Roanoke City with nearby schools including Lincoln Terrace Elementary School, Lucy Addison Middle School, and William Fleming High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.