$1,200,000

1200 Liggates Rd Lynchburg, VA 24502

Fort Hill Neighborhood

Estimated payment $6,736/month

Total Views 962
-- Bed
-- Bath
10,692 Sq Ft
$112 Price per Sq Ft

Highlights

  • Very Popular Property
  • 0.53 Acre Lot
  • Vinyl Flooring

About This Home

Discover a prime investment opportunity in Lynchburg! This is a well-maintained, brick, two-story walk-up with basement. It is conveniently located at 1200 Liggates Rd and features two buildings, 12 residential units and generating positive cash flow at full occupancy. Recent upgrades: 75% of units have been renovated since 2023, to include updated flooring, paint, cabinets & counters as needed, new windows, new heat pumps, new roof; shared common areas renovated (2025); Shared Laundry in basement that is coin operated for extra income! Ample parking, and centrally located in Lynchburg! Close to Liberty University, restaurants, shopping and local amenities, it's positioned for strong returns - act now to secure this opportunity!

Listing Agent

Callie Reyes

Mark A. Dalton & Co., Inc. License #0225273134 Listed on: 10/29/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,465

Year Built

  • Built in 1962

Lot Details

  • 0.53 Acre Lot

Interior Spaces

  • 10,692 Sq Ft Home
  • Vinyl Flooring

Parking

  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Schools

  • Sheffield Elementary School
  • Pl Dunbar Midl Middle School
  • E. C. Glass High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02909006

Community Details

Overview

  • Commercial Misc Subdivision

Building Details

  • 1 Separate Water Meter
  • Net Lease
  • Electric Expense $1,883
  • Insurance Expense $3,013
  • Maintenance Expense $8,042
  • Water Sewer Expense $4,569
  • New Taxes Expense $5,465
  • Gross Income $114,657
  • Net Operating Income $72,058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,465

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Directions: Take Fort Ave. to Liggates Rd. 1200 Liggates Rd on the corner of Fort Ave and Liggates Rd.
  • Days On Market: Yes
  • Prop. Type: Multi-Family
  • Year Built: 1962
  • Garage Yn: No
  • Taxes Expense: 5464.60
  • Property Sub-Type: Multi-Family
  • Total Gross Income: 114657.46
  • Subdivision Name: Commercial Misc
  • Unit Info Number Unfurnished Units: 12
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Vinyl
  • Walls: Drywall

Garage/Parking

  • Parking Features: Off Street Parking, Parking Lot, Paved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump
  • Sewer: City
  • Water Heater: Electric
  • Heating: Heat Pump
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 4568.87

Schools

  • Elementary School: Sheffield Elem
  • High School: E. C. Glass High
  • Middle School: PL Dunbar Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Zoning: R4
  • Acres: 0.5250
  • Lot Size Sq Ft: 22869.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 02909006

Rental Info

  • Sub Lease: No
  • Types Of Leases: Month to Month
  • Owner Pays: Exterior Maintenance, Lawn Care, Sewer, Trash Removal, Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00

Tax Info

  • Estimated Taxes: 5465

Multi Family

  • Electric Expense: 1883.33
  • Maintenance Expense: 8042.11
  • Number Of Units Total: 12
  • Existing Lease Type: Net
  • Insurance Expense: 3012.75
  • Net Operating Income: 72058.00
  • Number Of Separate Water Meters: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2025 10/29/25 For Sale $1,200,000 -- $112 / Sq Ft
Source: Lynchburg Association of REALTORS®

Source: Lynchburg Association of REALTORS®

MLS Number: 362720

APN: 029 09 006

Virginia Lynchburg City County Lynchburg 24502 Fort Hill

1200 Liggates Rd, Lynchburg, VA

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Nearby Homes
Listing Agent
Callie Reyes
Section Image
Mark A. Dalton & Co., Inc.
(434) 443-5058