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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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    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#: 351715MLS LogoOriginating 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

    DateEventPrice
    6/13/2024Sold$300,000+0%$86/sqft
    Source: LMLS #351715
    4/19/2024Pending sale$299,900$86/sqft
    Source: LMLS #351715
    4/16/2024Listed for sale$299,900$86/sqft
    Source: LMLS #351715
    3/10/2018Listing removed$350
    Source: Zillow Rental Manager
    2/6/2018Listed 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
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    An equal housing lender. NMLS #10287.