602 Allison Avenue Southwest
Description
Unit 2 - 2BR/1.5BA
Unit 3 - 1BR/1BA + Loft
On-site laundry
Investment Highlights:
- Consistent Cash Flow: With all three units currently...Investment opportunity! Don't miss this incredible opportunity to own a multi-unit property in the heart of Roanoke's historic Old Southwest neighborhood just minutes from downtown! Fully leased! Perfectly positioned at 602 Allison Ave SW, this investment property offers three separate units, each full of character and potential for strong rental income. Unit 1 - 1BR/1BA
Unit 2 - 2BR/1.5BA
Unit 3 - 1BR/1BA + Loft
On-site laundry
Investment Highlights:
- Consistent Cash Flow: With all three units currently occupied, this property offers a reliable and consistent income stream, providing a strong return on investment from the moment of purchase. Unit 1 - 1BR/1BA
Unit 2 - 2BR/1.5BA
Unit 3 - 1BR/1BA + Loft
On-site laundry
Investment Highlights:
- Consistent Cash Flow: With all three units currently occupied, this property offers a reliable and consistent income stream, providing a strong return on investment from the moment of purchase - High Tenant Demand: The location and quality of this property make it a sought-after rental option for professionals,
- Listed by DAVID SWEENEY • USREALTY.COM LLP - HOUSEPAD
Property Details for 602 Allison Avenue Southwest
Property Details for 602 Allison Avenue Southwest
| Status | Active |
|---|---|
| MLS # | 912537 |
| Days on Market | 6 |
| Taxes | $3,761 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | MultiFamily |
| Year Built | 1914 |
| Lot Size | 0.15 AC / 6,534 SF |
| County | Roanoke Independent City |
Building Information for 602 Allison Avenue Southwest
Property Information for 602 Allison Avenue Southwest
- Directions: From Downtown Roanoke take Franklin Rd heading south, then right on to Allison Ave. Property will be on your left at the intersection of Alison Ave and 6th St.
- 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
- Association YN: No
- Association Fee: $0
- Parcel Number: 113-1314
- Tax Block: 7 E B & I
- Tax Lot: 16
- Tax Tract Or Section: 0
- Tax Amount: $3,761
- Location Legal Taxes - Phase: $0
- Location Legal Taxes - Annual Taxes: $3,761
- Location Legal Taxes - Section: 0
- Location Legal Taxes - POA YN: No
- Elementary School: Highland Park
- Middle Or Junior School: James Madison
- High School: Patrick Henry
- Attached Garage: No
- General Property Description - Parking Description: Street
- 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
- Total Bathrooms Source: MLS
- Property Type: MultiFamily
- Year Built: 1914
- Property Type Label: MultiFamily
- General Property Description - Construction Status: Completed
- Sewer: Public Sewer
- Water Description - Public Water: Yes
- Construction Materials: Aluminum Siding, Wood Siding
- Cooling: None
- Heating: Other
- Basement: Partial Basement
- Gas: True
- Bathrooms Total Integer: 0
- Bathrooms Total Decimal: 0.0
- Bathrooms Total Notational: 0.0
- Cooling: No
- Heating: Yes
- General Property Description - Basement: Yes
- General Property Description - # Furnished: 0.0
- General Property Description - # Unfurnished: 3.0
- Number Of Units Total: 3
- General Property Description - # Leased Units: 3
- Gross Scheduled Income: $29,002
- Operating Expense: $11,585
- General Property Description - Gross Income: $29,002
- Gross Income: $29,002
- Net Operating Income: $17,416
- Unit Number: Type 1
- Units Total: 2
- Beds Total: 1
- Furnished: 1
- Parking: Dishwasher
- Rent: Freezer
- Bathroom: Refrigerator
- Remarks: Range Electric
- Unit Number: Type 2
- Units Total: 1
- Beds Total: 2
- Furnished: 1
- Stories: 1
- Parking: Dishwasher
- Rent: Freezer
- Bathroom: Refrigerator
- Remarks: Range Electric
- Unit Number: Type 3
- Units Total: 3
- Beds Total: 1
- Furnished: 1
- Parking: Dishwasher
- Rent: Freezer
- Bathroom: Refrigerator
- Remarks: Range Electric
- Tenant Expenses - Electricity: Yes
Property History for 602 Allison Avenue Southwest
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 602 Allison Avenue Southwest
Schools near 602 Allison Avenue Southwest
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | K 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 | ||
Rivermont School - Roanoke PrivateK 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.
Similar Homes
Similar Sold Homes
Homes for Sale near Old Southwest
Neighborhoods
Cities
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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of USREALTY.COM LLP - HOUSEPAD, DAVID SWEENEY
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.
