1554 Park Avenue, Lynchburg, VA 24501 (MLS # 359360)

Price $1,790,000
Status Active
Beds 0
Baths 0 Bath
Home size n/a
Lot Size 2,832 sqft
Days on Market 18
Unlock the potential of this exceptional real estate portfolio featuring a total of 14 doors, including multi-family, commercial, and single-family homes. With multiple years remaining on the tax abatement program, you'll enjoy higher-than-normal cash flow. Almost all single-family homes have been updated within the last three years but several units present excellent opportunity for further upgrades, increasing your return on investment. All units are currently occupied, most are long-term tenants with housing vouchers ensuring guaranteed consistent income. An amazing opportunity for experienced savvy investors.
Property Type(s): Multi Family
Last Updated 5/21/2025 Tract Commercial Misc
Year Built 1903 County Lynchburg

SCHOOLS

School District Lynchburg
Elementary School RS Payne Elem
Jr. High School Linkhorne Midl
High School E. C. Glass High

Additional Details

AIR Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Electric Water Heater
CONSTRUCTION Masonite, Vinyl Siding
HEAT Baseboard, Forced Air, Heat Pump, Hot Water, Space Heater
LOT 2831 sq ft
SEWER Public Sewer
SUBDIVISION Commercial Misc
TAXES 506
WATER Public
ZONING B-5

Location

 

Contact us about this Property

 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Steven Conner to contact you even if your name is on a Federal or State "Do not call List".

Listed with Keller Williams
Listing information is deemed reliable, but not guaranteed.

This IDX solution is (c) Diverse Solutions 2025.

Email a Friend

Reset password

Enter your email address and we will send you a link to change your password.

Powered by Estatik