Bought with Jason D Jones • Lynchburg's Finest Team LLC
$90,000
$125,000
28.0%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
3,078 SqFt
SOLD DATE : 03/16/2020
Key Details
Sold Price $90,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,078 sqft
Price per Sqft $29
MLS Listing ID 315059
Sold Date 03/16/20
Bedrooms 7
Full Baths 4
Year Built 1954
Annual Tax Amount $700
Lot Size 2.380 Acres
Property Description
Multi-Family property consists of a total of 5 units-Formerly the Ridgecrest Motel has 4 - 1 BR efficiency units, rented for $380/each. There is also the former motel office. Separate electric meters; Roof replaced June 2018; Shared well; The septic for the apartments is located on the lot next door. New windows across front of apartments. Cinderblock & Brick construction on 1.38 acre parcel. Also included is a 3-BR single wide trailer-address is 129 Leisure Lane, currently rented for $375 with long-time tenant, situated on 1 acre parcel. Do the math-as it is now, annual gross income of $22,740. Investors, this is a great opportunity! Shown by appointment only-Must have 24 hour notice.
Location
State VA
County Amherst
Zoning Vill
Interior
Heating Wall/Space Unit
Cooling Wall Unit(s)
Flooring Carpet, Vinyl
Exterior
Exterior Feature Block, Brick
Utilities Available American Electric Indiv Meter/Electric
Building
Sewer Septic Tank
Schools
Elementary Schools Central Elem
Middle Schools Amherst Midl
High Schools Amherst High
School District Amherst
Others
Acceptable Financing Cash
Listing Terms Cash
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