Lynchburg VA Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.31 Acres
- Year built:
- 1960
- Baths:
- MLS#:
- 355526
- Subdivision:
- Randolph College Area
View additional info
Courtesy: LPT Realty, Inc
267-241-1073
ADDITIONAL INFORMATION
Turnkey duplex investment opportunity with high-income potential! This fully remodeled property, tucked away off Rivermont Ave, is perfect for short-term rentals, with projected gross monthly income of $4,300 to $6,000 from a local property management company. The bottom unit offers 3 bedrooms & 1 bathroom, while the top unit is a 1 bedroom, 1 bathroom space. Both units feature modern, thoughtfully designed interiors with brand-new kitchens, custom tile bathrooms, updated electrical and plumbing, a new roof, heat pump and mini-split units, and new water heaters, ensuring minimal future maintenance costs. The units exude charm with stylish finishes, including open shelving in the kitchens, LVP flooring, & inviting spaces under dormer windows in the upper unit. Located near hospitals, Randolph College, and Downtown Lynchburg, this property is ideally situated for short-term guests. Don't miss this unique, income-generating opportunity!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1912
- Baths:
- MLS#:
- 354754
- Subdivision:
- Middle Rivermont
View additional info
Courtesy: Keller Williams
434-534-9113
ADDITIONAL INFORMATION
Located in the heart of downtown Lynchburg, 1609 Rivermont Ave is a rare gem, offering both timeless character and modern cashflow potential. This beautifully restored historic property has been converted into a fully occupied triplex, making it an ideal addition to any investor's portfolio. Each unit is currently leased, ensuring immediate income and long-term stability. With its prime location on the iconic Rivermont Avenue, tenants enjoy proximity to vibrant shops, dining, and entertainment, making this a highly desirable rental property. Don't miss your chance to own a piece of Lynchburg's history while enjoying consistent returns. Schedule a showing today and experience firsthand the potential of 1609 Rivermont Ave.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1911
- Baths:
- MLS#:
- 354384
- Subdivision:
- Randolph College Area
View additional info
Courtesy: Consensus Real Estate Service, Llc
434-846-6585
ADDITIONAL INFORMATION
Time to get a contract on an investment property in the desirable Rivermont area near Randolph College! Schedule a showing to see this 4-plex with a very successful rental history. This is a great option for new or experienced investors to jump in the market.All units have separate electric meters and the house gas boiler was fine-tuned recently. Units 1 & 2 have mini-splits to provide air conditioning.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange ("IDX") program of the Lynchburg Association of REALTORS. IDX information is provided exclusively for consumers 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 deemed reliable but not guaranteed. Copyright 2024 Lynchburg Association of Realtors. All rights reserved.
Lynchburg Real Estate
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 24503 has a population of 78,973. Lynchburg 24503 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 24503 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 24503 is 28.6 years.
Lynchburg Weather
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.