NOT LISTED FOR SALE

86 Salem Rd Evington, VA 24550

-- Bed
-- Bath
3,480 Sq Ft
0.31 Acres

Last Sold June 13, 2024

Last sale price $300,000 $86 Per Sq Ft

2 Days on Market

Highlights

  • Central Air
  • Baseboard Heating
  • Carpet

About This Home

As of June 2024

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!

Last Agent to Sell the Property

THOMAS NOLEN

Nolen Real Estate License #0225047806 Listed on: 04/16/2024

Last Buyer's Agent

Trevor Gillispie

Elite Realty License #0225241780

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,052

Year Built

  • Built in 1976

Lot Details

  • 0.31 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • 3,480 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Schools

  • Tomahawk Elementary School
  • Brookville Midl Middle School
  • Brookville High School

Utilities

  • Central Air
  • Window Unit Cooling System
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Net Lease
  • Gross Income $24,960

Listing and Financial Details

  • The owner pays for lawn care
  • Assessor Parcel Number 20M-1-26

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,052

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Internet Providers: Shentel
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1976
  • Garage Yn: No
  • Property Sub-Type: Multi-Family
  • Total Gross Income: 24960.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl

Garage/Parking

  • Parking Features: Off Street Parking

Utilities

  • Utility Electric: American Electric
  • Cooling: Central Electric, Window Unit(s)
  • Sewer: Septic Tank
  • Water Heater: Electric
  • Heating: Electric Baseboard, Forced Warm Air-Elec
  • Water Source: Well

Schools

  • Elementary School: Tomahawk Elem
  • High School: Brookville High
  • Middle School: Brookville Midl
  • Junior High Dist: Campbell

Lot Info

  • Zoning: R
  • Acres: 0.3090
  • Lot Size Sq Ft: 13460.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 20M-1-26
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Types Of Leases: 1 Year Lease
  • Owner Pays: Lawn Care
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.001-05:00

Tax Info

  • Estimated Taxes: 1052

Multi Family

  • Number Of Units Total: 4
  • Existing Lease Type: Net

Range of Values:

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Average Value
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List Price
Sold Price
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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
06/13/2024 06/13/24 Sold $300,000 0.0% $86 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/16/2024 04/16/24 For Sale $299,900 -- $86 / Sq Ft
Source: Lynchburg Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    THOMAS NOLEN

    Nolen Real Estate

    (434) 942-7653

    245 Total Sales

    THOMAS NOLEN
    Section Image

  • T

    Buyer's Agent in 2024

    Trevor Gillispie

    Elite Realty

    (434) 660-5853

    311 Total Sales

    Trevor Gillispie
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 351715

APN: 020M-01000-026-0

Virginia Campbell County Evington 24550

86 Salem Rd, Evington, VA

This home is located at 86 Salem Rd, Evington, VA 24550 since 16 April 2024. This property was built in 1976. 86 Salem Rd is a home located in Campbell County with nearby schools including Tomahawk Elementary School, Brookville Middle School, and Brookville High School.

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