Address
621-623 Gum Street Lynchburg, VA
Price
$ 89,000
Property Attributes
  • MLS#331079
  • TypeMulti-Family
  • CountyLYNCHBURG
  • CityLynchburg
  • AreaLynchburg
  • Zip24504
  • StyleMulti-Family
  • Year Built1880
  • Taxes$ 427
  • Price$ 89,000
  • Bedrooms5
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage2971
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Long & Foster-Forest
Data Source:
Lynchburg MLS (LMLS)
Property Description

Investors See attached appraisal on file recently completed at $105,000 as -is, instant equity!!! This income producing duplex would make a great investment property, whether you are looking for short-term or long-term investment. Currently duplex on monthly basis brings in about $2,800 per month. Tenants are month-to-month, and each tenant has been renting rooms, however if new buyer chooses, you can use both sides of duplex for rental as well. Seller had all new plumbing, new electrical, & new roof put on! Duplex recently has appraisal completed, & it appraised at $105,000, so you are walking into instant equity here!! Make this your investment property, don't wait!

Price History
4/23/2021 Listed $89,000

General Features

Cooling Window Unit(s)
Flooring Vinyl, Wood Floors
Heating Electric Baseboard
Parking Features On-Street
Water Heater Electric
Zoning R-3

Exterior Features

Latitude 0.000000
Longitude 0.000000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 24504

Price
AVG $480K
$90K
Taxes
AVG $1,572
$427
Visits
AVG 67
16
Year Built
AVG 1884
1880

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