$125,000
PENDING

Estimated payment $749/month

Total Views 14,615
-- Bed
-- Bath
1,958 Sq Ft
$64 Price per Sq Ft

About This Home

Investor Special- This Duplex features two rented units that qualify for and receive section 8 assistance from the City of Lynchburg. The lower unit offers 2 bedrooms, one full bath, Kitchen, and a large living room. There is also access to the back yard with room for two cars to park. The upper unit is one bedroom, one bath, with a Kitchen and a large living room. Both apartments include a Refrigerator and Stove. Vinyl windows on both levels, many updated 3-prong grounded outlets installed throughout the house, Refrigerators in both units are new, and the water heater on upper level is also new.

Listing Agent

Michael McGorman

Mark A. Dalton & Co., Inc. License #0225083994 Listed on: 11/16/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $695

Year Built

  • Built in 1910

Lot Details

  • 5,445 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • 1,958 Sq Ft Home
  • Plaster Walls

Flooring

  • Wood
  • Carpet
  • Vinyl

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02710010

Community Details

Overview

  • Cotton Hill Subdivision

Building Details

  • Net Lease
  • New Taxes Expense $695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$695

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Directions: From Lynchburg- Take Fort Avenue, bear right on 12th Street, turn right on Garfield- home on left a block down.
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1910
  • Garage Yn: No
  • Taxes Expense: 695.00
  • Property Sub-Type: Multi-Family
  • Subdivision Name: Cotton Hill
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl, Wood Floors
  • Walls: Drywall, Plaster

Garage/Parking

  • Parking Features: Off Street Parking

Utilities

  • Utility Electric: American Electric
  • Cooling: None
  • Sewer: City
  • Water Heater: Electric, Individual
  • Heating: Forced Warm Air-Gas
  • Water Source: City

Schools

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

Lot Info

  • Zoning: R3
  • Acres: 0.1250
  • Lot Size Sq Ft: 5445.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 02710010

Rental Info

  • Sub Lease: No
  • Types Of Leases: Month to Month
  • Owner Pays: Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 695

Multi Family

  • Number Of Units Total: 2
  • Existing Lease Type: Net

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $695 $78,100 $12,000 $66,100
2023 $695 $78,100 $12,000 $66,100
2022 $606 $58,800 $5,000 $53,800
2021 $653 $58,800 $5,000 $53,800
2020 $653 $58,800 $5,000 $53,800
2019 $653 $58,800 $5,000 $53,800
2018 $653 $58,800 $5,000 $53,800
2017 $653 $58,800 $5,000 $53,800
2016 $653 $58,800 $5,000 $53,800
2015 $653 $58,800 $5,000 $53,800
2014 $163 $58,800 $5,000 $53,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Pending -- -- --
05/09/2025 05/09/25 Price Changed $125,000 -3.8% $64 / Sq Ft
11/16/2024 11/16/24 For Sale $129,900 -- $66 / Sq Ft
Source: Lynchburg Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Bargain Sale Deed -- None Available
Source: Public Records

Source: Lynchburg Association of REALTORS®

MLS Number: 355847

APN: 027-10-010