This duplex in Lynchburg offers two updated units, ideal for investment or multi-family living. Apt A is a 2-bedroom, 1-bathroom downstairs unit with a side entrance, while Apt B is a 3-bedroom, 1-bathroom upstairs unit with a front entrance (currently occupied). Both units underwent extensive upgrades in 2022, including mini-split systems, electrical updates with separate meters, a resurfaced roof, and modernized plumbing. The exterior was repainted, and interiors boast fresh paint, updated kitchens and bathrooms, and new hardware. The crawlspace was recently improved with a new moisture barrier and insulation. The property sits on a level corner lot with convenient on-street parking.
Investor Special- This Duplex features two rented units that qualify for and receive section 8 assistance from the City of Lynchburg. The lower unit offers 2 bedrooms, one full bath, Kitchen, and a large living room. There is also access to the back yard with room for two cars to park. The upper unit is one bedroom, one bath, with a Kitchen and a large living room. Both apartments include a Refrigerator and Stove. Vinyl windows on both levels, many updated 3-prong grounded outlets installed throughout the house, Refrigerators in both units are new, and the water heater on upper level is also new.
This 1800's Queen Anne Victorian home has all you need. It has been converted into a duplex. This second floor one bedroom has plenty of closet and storage space. Fully updated ,while keeping the Victorian charm, and has all amenities which includes a large fenced in back yard and a wrap around rocking chair front porch on the main level. Stackable washer and dryer. Comcast Xfinity wireless internet. Full HVAC dual zone system with Nest thermostat. Upstairs level is move in ready and main level needs work to make rent ready. Call today to find out the potential ROI on this duplex in downtown Lynchburg!
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The median home value in Lynchburg, VA is $221,800. This is higher than the county median home value of $197,800. The national median home value is $338,100. The average price of homes sold in Lynchburg, VA is $221,800. Approximately 42.24% of Lynchburg homes are owned, compared to 43.79% rented, while 13.97% are vacant. Lynchburg real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lynchburg real estate agent to arrange a tour today!
Lynchburg, Virginia 24501 has a population of 78,973. Lynchburg 24501 is less family-centric than the surrounding county with 23.09% of the households containing married families with children. The county average for households married with children is 24.2%.
The median household income in Lynchburg, Virginia 24501 is $54,015. The median household income for the surrounding county is $54,015 compared to the national median of $69,021. The median age of people living in Lynchburg 24501 is 28.6 years.
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 24.5 degrees. The average rainfall is approximately 42.2 inches per year, with 13.6 inches of snow per year.