Bought with Jordan Smith • Keeton & Co Real Estate
$299,000
$299,000
For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,008 SqFt
SOLD DATE : 12/16/2024
Key Details
Sold Price $299,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,008 sqft
Price per Sqft $296
Subdivision Randolph College Area
MLS Listing ID 355526
Sold Date 12/16/24
Bedrooms 4
Full Baths 2
Year Built 1960
Annual Tax Amount $881
Lot Size 0.313 Acres
Property Sub-Type Multi-Family
Property Description
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!
Location
State VA
County Lynchburg
Interior
Heating Heat Pump, Other
Cooling Heat Pump, Other
Flooring Other
Exterior
Utilities Available Indiv Meter/Electric
Building
Sewer City
Schools
Elementary Schools Paul Munro Elem
Middle Schools Linkhorne Midl
High Schools E. C. Glass High
School District Lynchburg
Others
Acceptable Financing Conventional
Listing Terms Conventional
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