Madison Heights, VA 24572,375 Amelon RD
Madison Heights, VA 24572,375 Amelon RD
Madison Heights, VA 24572,375 Amelon RD
Madison Heights, VA 24572,375 Amelon RD
Madison Heights, VA 24572,375 Amelon RD
Madison Heights, VA 24572,375 Amelon RD
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Listed by Scottie Booker • Divine Fog Realty Company LLC
Bought with Butch Jefferson • Divine Fog Realty Company LLC

$1,150,000

$1,200,000

4.2%
Est.Price: ?

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Est. payment /mo

12 Beds

12 Baths

2,016 SqFt


SOLD DATE : 04/26/2024

Key Details

Sold Price $1,150,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,016 sqft

Price per Sqft $570

MLS Listing ID 348786

Sold Date 04/26/24

Bedrooms 12

Full Baths 6

Half Baths 6

Year Built 2001

Annual Tax Amount $5,000

Lot Size 3.000 Acres

Property Description

This is an outstanding opportunity to own a turnkey group of four duplexes located in a prime Amherst County location. All four buildings are fully rented, generating immediate cash flow. Each unit comprises 2 bedrooms and 1.5 bathrooms, while one of the buildings features an unfinished basement. These buildings are all in exceptional condition, with most of which have undergone recent upgrades, including new appliances, new HVAC systems, and new hot water heaters. Additionally, each unit boasts its own individual heat pump. Due to the low Amherst County taxes and current below-market rental rates, this property has significant potential for increased cash flow. Moreover, proposed growth and development in the area make this an even more attractive investment opportunity. Don't miss out on this valuable property, contact the listing agent for additional information. Duplex Units for sale: 355/357 375/377, 389/401, and 407/409.

Location

State VA

County Amherst

Interior

Heating Heat Pump

Cooling Heat Pump

Flooring Carpet, Vinyl

Exterior

Exterior Feature Vinyl Siding

Utilities Available Indiv Meter/Electric

Building

Sewer Septic Tank

Schools

Elementary Schools Amelon Elem

Middle Schools Monelison Midl

High Schools Amherst High

School District Amherst

Others

Acceptable Financing Assumed

Listing Terms Assumed

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agent-avatar

+1(434) 221-9375

laurenbellrealestate@gmail.com

4109 Boonsboro Road, Lynchburg, VA, 24503, United States

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