T
Seller's Agent in 2024
THOMAS NOLEN
Nolen Real Estate
(434) 942-7653
248 Total Sales
86 Salem Rd Evington, VA 24550
--
Bed
--
Bath
3,480
Sq Ft
0.31
Acres
Highlights
- Central Air
- Baseboard Heating
- Carpet
About This Home
As of June 2024Located 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
Nolen Real Estate License #0225047806 Listed on: 04/16/2024
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
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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
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 |
|---|---|---|---|---|
| 2025 | $1,053 | $233,900 | $30,000 | $203,900 |
| 2024 | $1,053 | $233,900 | $30,000 | $203,900 |
| 2023 | $1,053 | $233,900 | $30,000 | $203,900 |
| 2022 | $970 | $186,600 | $26,000 | $160,600 |
| 2021 | $970 | $186,600 | $26,000 | $160,600 |
| 2020 | $970 | $186,600 | $26,000 | $160,600 |
| 2019 | $970 | $186,600 | $26,000 | $160,600 |
| 2018 | $1,021 | $196,400 | $26,000 | $170,400 |
| 2017 | $1,021 | $196,400 | $26,000 | $170,400 |
| 2016 | $1,021 | $196,400 | $26,000 | $170,400 |
| 2015 | -- | $196,400 | $26,000 | $170,400 |
| 2014 | -- | $194,200 | $26,000 | $168,200 |
Source: Public Records
Agents Affiliated with this Home
-
THOMAS NOLEN
-
Trevor Gillispie
T
Buyer's Agent in 2024
Trevor Gillispie
Elite Realty
(434) 660-5853
301 Total Sales
Map
Source: Lynchburg Association of REALTORS®
MLS Number: 351715
APN: 020M-01000-026-0
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