Opportunity to purchase a 2 Bay Garage that includes separate office space and a patio to the office. a 1/2 bathroom is also in garage. (condition unknown). Property includes 4 acres that was utilized as a Mobile Home storage, parts and setup business in the past. 3 income producing homes on site with long-term tenants that maintain their own homes. These homes include 2 single-wides and a 1972 stick built home. Garage is not occupied and is heated with oil heat with a woodstove option. There is a 24'X10' lean-to on the garage too. AG zoned, but utilized for business purposes in the past. Possible options to expand rental units on site. The Back of lot lays very nice. Owner is willing to include backhoe-loader, metal frames, welders, and other tools on site with an acceptable offer. Property is being sold AS IS. Lockbox keys will access garage.
Sold for $190,000 on 04/02/25
$190,000
877 Old Rustburg Rd, Lynchburg, VA 24501
--beds
810sqft
Multi Family
Built in 1972
-- sqft lot
$-- Zestimate®
$235/sqft
$939 Estimated rent
Home value
Not available
Estimated sales range
Not available
$939/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 03, 2025 at 01:34pm
Listed by:
Karl Miller 434-942-7009 karl@karlmillerteam.com,
Karl Miller Realty LLC
Bought with:
Ethan Chase, 0225248659
Elite Realty
Source: LMLS,MLS#: 356762
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Heating
- Heat Pump
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Electric Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven), Unit 3(Range/Oven)
- Laundry: Unit 1(Dryer Hookup, Washer Hookup), Unit 2(Dryer Hookup, Washer Hookup), Unit 3(Dryer Hookup, Washer Hookup)
Features
- Flooring: Carpet, Vinyl
- Has fireplace: Yes
Interior area
- Total structure area: 810
- Total interior livable area: 810 sqft
Property
Parking
- Parking features: Off Street
Features
- Patio & porch: Unit 1(Balcony/Patio), Unit 4(Balcony/Patio)
Lot
- Size: 4 Acres
Details
- Foundation area: 810
- Parcel number: 15A38
- Zoning: AG
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Drywall, Paneling, Vinyl Siding
Condition
- Year built: 1972
Utilities & green energy
- Electric: American Electric, Indiv Meter/Electric
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Lynchburg
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2025 | Sold | $190,000-13.2%$235/sqft |
Source:  LMLS #356762 Report a problem | ||
| 3/11/2025 | Pending sale | $219,000$270/sqft |
Source: LMLS #356762 Report a problem | ||
| 1/20/2025 | Listed for sale | $219,000+62.2%$270/sqft |
Source: LMLS #356762 Report a problem | ||
| 3/31/2006 | Sold | $135,000$167/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $660 -3.7% | $146,700 +11.3% |
| 2022 | $685 | $131,800 |
| 2021 | $685 | -- |
Find assessor info on the county website
Neighborhood: 24501
Nearby schools
GreatSchools rating
- 8/10Rustburg Elementary SchoolGrades: PK-5Distance: 6.4 mi
- 4/10Rustburg Middle SchoolGrades: 6-8Distance: 6.2 mi
- 8/10Rustburg High SchoolGrades: 9-12Distance: 6.2 mi
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