Sold for $300,000

$300,000

86 Salem Rd, Evington, VA 24550

--beds

3,480sqft

Multi Family

Built in 1976

-- sqft lot

$361,500 Zestimate^®

$86/sqft

$1,214 Estimated rent

Home value

$361,500

$336,000 - $394,000

$1,214/mo

Zestimate^® history

Owner options

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$1,214/mo

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$1,214/mo

Rent Zestimate^®

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$1,745/mo

Est. payment

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$1,745/mo

Est. payment

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What's special

Located in Campbell County less than 10 minutes from Liberty University and 5 minutes to shops, restaurants, and businesses on Timberlake Rd is this 4 plex investment property waiting for its new owner! Two of the units feature spacious 2 bedrooms and 1 bathroom layout, while the remaining two units downstairs offer a cozy 1 bedroom and 1 bath configuration. Currently all 4 units are leased generating a total gross income of $2,080/month showcasing the properties strong revenue potential and stability. This steady income stream provides investors with a lucrative opportunity to capitalize on the thriving rental market in Lynchburg. Whether you're a seasoned investor looking to expand your portfolio or a discerning buyer seeking a profitable income property, this 4 plex is located in a fantastic spot in close proximity to all Lynchburg has to offer. Don't wait long!

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 4
Full bathrooms: 4

Heating

Electric Baseboard, Forced Warm Air-Elec

Cooling

Central Air, Window Unit(s)

Appliances

Included: Electric Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator), Unit 4(Range/Oven, Refrigerator)
Laundry: Unit 2(Dryer Hookup, Washer Hookup)

Features

Flooring: Carpet, Vinyl
Has fireplace: Yes

Interior area

Total structure area: 3,480
Total interior livable area: 3,480 sqft

Property

Parking

Parking features: Off Street

Lot

Size: 0.31 Acres

Details

Foundation area: 0
Parcel number: 20M126
Zoning: R

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick

Condition

Year built: 1976

Utilities & green energy

Electric: American Electric
Sewer: Septic Tank
Water: Well

Community & HOA

Location

Region: Evington

Financial & listing details

Price per square foot: $86/sqft
Annual tax amount: $1,052
Date on market: 6/15/2024
Cumulative days on market: 3 days
Lease term: 12 Months

Price history

Date	Event	Price
6/13/2024	Sold	$300,000+0%$86/sqft
Source: LMLS #351715 Report a problem
4/19/2024	Pending sale	$299,900$86/sqft
Source: LMLS #351715 Report a problem
4/16/2024	Listed for sale	$299,900$86/sqft
Source: LMLS #351715 Report a problem
3/10/2018	Listing removed	$350
Source: Zillow Rental Manager Report a problem
2/6/2018	Listed for rent	$350
Source: Zillow Rental Manager Report a problem