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Listed by Michael W Cooper • Raven Realty LLC
$ 345,000
Est. payment /mo
New
1511 Rivermont AVE Lynchburg, VA 24503
6 Beds
3 Baths
6,107 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Middle Rivermont
MLS Listing ID 366481
Bedrooms 6
Full Baths 2
Half Baths 1
Year Built 1916
Annual Tax Amount $2,427
Lot Size 6,107 Sqft
Property Sub-Type Multi-Family
Property Description
Historic 1916 stucco duplex nestled in Lynchburg's coveted Rivermont Historic District. Both units are occupied and generating $2,390/month in gross rent. Unit 1511 offers 3 bedrooms and 1.5 baths with a long-term tenant at $795/month well below market and primed for upside at lease renewal. Unit 1513 features 3 bedrooms and 1 full bath commanding $1,595/month, reflecting strong demand along this premier corridor. Classic architectural details include a hip roof with slate tile, stucco exterior, hot water heat, and generous covered porch space. Full unfinished basement offers storage or future finishing potential. Tenants handle all lawn care and landscaping, keeping owner responsibilities minimal. Located in the EC Glass High School district, minutes from Randolph College, the James River trail, and downtown Lynchburg. A turnkey investment with immediate income and real room to grow.
Location
State VA
County Lynchburg
Schools
Elementary Schools Bedford Hills Elem
Middle Schools Linkhorne Midl
High Schools E. C. Glass High
School District Lynchburg
Nearby Locations
