Bought with Butch Jefferson • Divine Fog Realty Company LLC
$1,150,000
$1,200,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
laurenbellrealestate@gmail.com
4109 Boonsboro Road, Lynchburg, VA, 24503, United States