This is an outstanding opportunity to own a turnkey group of four duplexes located in a prime Amherst County location. All four buildings are fully rented, generating immediate cash flow. Each unit comprises 2 bedrooms and 1.5 bathrooms, while one of the buildings features an unfinished basement. These buildings are all in exceptional condition, with most of which have undergone recent upgrades, including new appliances, new HVAC systems, and new hot water heaters. Additionally, each unit boasts its own individual heat pump. Due to the low Amherst County taxes and current below-market rental rates, this property has significant potential for increased cash flow. Moreover, proposed growth and development in the area make this an even more attractive investment opportunity. Don't miss out on this valuable property, contact the listing agent for additional information. Duplex Units for sale: 355/357 375/377, 389/401, and 407/409.
Sold for $1,150,000 on 04/26/24
$1,150,000
375 Amelon Rd, Madison Heights, VA 24572
--beds
2,016sqft
Multi Family
Built in 2001
-- sqft lot
$1,078,300 Zestimate®
$570/sqft
$1,233 Estimated rent
Home value
$1,078,300
Estimated sales range
Not available
$1,233/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 26, 2024 at 07:11pm
Listed by:
Scottie T. Booker 434-942-9181 Scottie@Divinefogrealty.com,
Divine Fog Realty Company LLC
Bought with:
Butch Jefferson, 0225233854
Divine Fog Realty Company LLC
Source: LMLS,MLS#: 348786
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 12
- Full bathrooms: 6
- 1/2 bathrooms: 6
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator), Unit 4(Range/Oven, Refrigerator), Unit 5(Range/Oven, Refrigerator), Unit 6(Range/Oven, Refrigerator)
- Laundry: Unit 1(Dryer Hookup, Washer Hookup), Unit 2(Dryer Hookup, Washer Hookup), Unit 3(Dryer Hookup, Washer Hookup), Unit 4(Dryer Hookup, Washer Hookup), Unit 5(Dryer Hookup, Washer Hookup), Unit 6(Dryer Hookup, Washer Hookup)
Features
- Flooring: Carpet, Vinyl, Unit 1 Carpet, Unit 2 Carpet, Unit 3 Carpet, Unit 4 Carpet, Unit 5 Carpet, Unit 6 Carpet
- Has fireplace: Yes
Interior area
- Total structure area: 2,016
- Total interior livable area: 2,016 sqft
Property
Parking
- Parking features: 2 Spaces/Unit, Off Street
Features
- Patio & porch: Unit 1(Balcony/Patio, Porch), Unit 2(Balcony/Patio, Porch), Unit 3(Balcony/Patio, Porch), Unit 4(Balcony/Patio, Porch), Unit 5(Balcony/Patio, Porch), Unit 6(Balcony/Patio, Porch)
Lot
- Size: 3 Acres
Details
- Foundation area: 0
- Parcel number: 148G91
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Drywall, Vinyl Siding
Condition
- Year built: 2001
Utilities & green energy
- Electric: Indiv Meter/Electric
- Sewer: Septic Tank
- Water: County
Community & neighborhood
Security
- Security features: Unit 1 Smoke Alarm, Unit 2 Smoke Alarm, Unit 3 Smoke Alarm, Unit 4 Smoke Alarm, Unit 5 Smoke Alarm, Unit 6 Smoke Alarm
Location
- Region: Madison Heights
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2024 | Sold | $1,150,000-4.2%$570/sqft |
Source:  LMLS #348786 | ||
| 2/28/2024 | Pending sale | $1,200,000$595/sqft |
Source: LMLS #348786 | ||
| 2/28/2024 | Listed for sale | $1,200,000$595/sqft |
Source: LMLS #348786 | ||
| 2/28/2024 | Pending sale | $1,200,000+33.3%$595/sqft |
Source: LMLS #348786 | ||
| 10/17/2023 | Listed for sale | $900,000$446/sqft |
Source: LMLS #348786 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 24572
Nearby schools
GreatSchools rating
- 2/10Amelon Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 6/10Monelison Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Amherst County High SchoolGrades: 9-12Distance: 7.9 mi
Schools provided by the listing agent
- Elementary: Amelon Elem
- Middle: Monelison Midl
- High: Amherst High
Source: LMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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