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Listed by Kenny Turner • Evolution Realty Partners LLC
$ 259,900
Est. payment /mo
New
820 Rivermont AVE Lynchburg, VA 24504
5 Beds
2,199 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,199 sqft
Price per Sqft $118
MLS Listing ID 368440
Bedrooms 5
Year Built 1905
Annual Tax Amount $2,138
Lot Size 4,356 Sqft
Property Sub-Type Multi-Family
Property Description
Great investment opportunity! This R-4 zoned property on historic Rivermont Avenue has been converted into an upper and lower duplex, offering immediate rental income in one of Lynchburg's most desirable neighborhoods where property values continue to appreciate. The lower-level unit features 2 bedrooms, while the upper-level unit offers 3 bedrooms. Both units are currently tenant-occupied, providing consistent income for investors. The property has been converted to all-electric service with separate electric meters for each unit, allowing tenants to pay their own electric bills. The owner is responsible only for water service, helping to keep operating expenses low. Whether you're looking to expand your investment portfolio or purchase a value-add property in a prime location, this income-producing duplex is an excellent opportunity with strong long-term potential.
Location
State VA
County Lynchburg
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Engineered Hardwood
Exterior
Exterior Feature Wood Siding
Utilities Available American Electric Indiv Meter/Electric
Building
Sewer City
Schools
Elementary Schools Linkhorne Elem
Middle Schools Linkhorne Midl
High Schools E. C. Glass High
School District Lynchburg
Others
Miscellaneous Bus Route
