Estimated payment $10,062/month
Highlights
- Wood Flooring
- Forced Air Heating System
- Garage
- Paneling
- Baseboard Heating
About This Home
Unlock the potential of this exceptional real estate portfolio featuring a total of 14 doors, including multi-family, commercial, and single-family homes. With multiple years remaining on the tax abatement program, you'll enjoy higher-than-normal cash flow. Almost all single-family homes have been updated within the last three years but several units present excellent opportunity for further upgrades, increasing your return on investment. All units are currently occupied, most are long-term tenants with housing vouchers ensuring guaranteed consistent income. An amazing opportunity for experienced savvy investors.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $506
Year Built
- Built in 1903
Home Design
- Plaster Walls
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl
Parking
- Garage
- Unpaved Driveway
- On-Street Parking
- Off-Street Parking
Schools
- Rs Payne Elementary School
- Linkhorne Midl Middle School
- E. C. Glass High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
- Heating System Mounted To A Wall or Window
- Gas Water Heater
Additional Features
- Paneling
- 2,831 Sq Ft Lot
Listing and Financial Details
- Month-to-Month Lease Term
- Assessor Parcel Number 01046009
Community Details
Overview
- Commercial Misc Subdivision
Building Details
- 6 Separate Gas Meters
- 12 Separate Water Meters
- Net Lease
- Insurance Expense $12,489
- Water Sewer Expense $1,260
- New Taxes Expense $3,986
- Gross Income $160,560
Home Values in the Area
Average Home Value in this Area
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 | $506 | $56,800 | $6,500 | $50,300 |
| 2023 | $506 | $56,800 | $6,500 | $50,300 |
| 2022 | $585 | $56,800 | $6,500 | $50,300 |
| 2021 | $315 | $56,800 | $6,500 | $50,300 |
| 2020 | $553 | $49,800 | $6,500 | $43,300 |
| 2019 | $553 | $49,800 | $6,500 | $43,300 |
| 2018 | $437 | $39,400 | $4,900 | $34,500 |
| 2017 | $437 | $39,400 | $4,900 | $34,500 |
| 2016 | $437 | $39,400 | $4,900 | $34,500 |
| 2015 | $437 | $39,400 | $4,900 | $34,500 |
| 2014 | $437 | $39,400 | $4,900 | $34,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2025 05/19/25 | For Sale | $1,790,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $150,000 | None Available | |
| Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | Purchase Money Mortgage |
Source: Lynchburg Association of REALTORS®
MLS Number: 359360
APN: 010-46-009