Sold for $300,000 on 06/13/24
$300,000
86 Salem Rd, Evington, VA 24550
--beds
3,480sqft
Multi Family
Built in 1976
-- sqft lot
$302,800 Zestimate®
$86/sqft
$1,210 Estimated rent
Home value
$302,800
$248,000 - $369,000
$1,210/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
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!
Zillow last checked: 8 hours ago
Listing updated: June 14, 2024 at 12:38pm
Listed by:
Thomas Nolen 434-939-2032 nolenrealestate@gmail.com,
Nolen Real Estate
Bought with:
Trevor Reed Gillispie, 0225241780
Elite Realty
Source: LMLS,MLS#: 351715
Originating MLS: Lynchburg Board of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric Baseboard, Forced Warm Air-Elec
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Electric Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator), Unit 4(Range/Oven, Refrigerator)
- Laundry: Unit 2(Dryer Hookup, Washer Hookup)
Features
- Flooring: Carpet, Vinyl
- Has fireplace: Yes
Interior area
- Total structure area: 3,480
- Total interior livable area: 3,480 sqft
Property
Parking
- Parking features: Off Street
Lot
- Size: 0.31 Acres
Details
- Foundation area: 0
- Parcel number: 20M126
- Zoning: R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Year built: 1976
Utilities & green energy
- Electric: American Electric
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Evington
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2024 | Sold | $300,000+0%$86/sqft |
Source: | ||
| 4/19/2024 | Pending sale | $299,900$86/sqft |
Source: | ||
| 4/16/2024 | Listed for sale | $299,900$86/sqft |
Source: | ||
| 3/10/2018 | Listing removed | $350 |
Source: Zillow Rental Manager | ||
| 2/6/2018 | Listed for rent | $350 |
Source: Zillow Rental Manager | ||
Public tax history
Tax history is unavailable.
Find assessor info on the county website
Neighborhood: 24550
Nearby schools
GreatSchools rating
- 6/10Tomahawk Elementary SchoolGrades: PK-5Distance: 2.8 mi
- 4/10Brookville Middle SchoolGrades: 6-8Distance: 2.9 mi
- 5/10Brookville High SchoolGrades: 9-12Distance: 3 mi

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