Residential Income in Lynchburg

$899,000

1664 Graves Mill, 24502, Lynchburg, VA

Residential Income for sale in Lynchburg, 1664 Graves Mill, 24502, 6792 m²

1664 Graves Mill, 24502, Lynchburg, VA

$899,000

6792
Type: Residential Income

Description

Don't miss this income-producing 8-plex (16 bedrooms/ 8 baths) ideally located in a high-traffic corridor on Graves Mill Road, surrounded by established restaurants, businesses, and everyday conveniences. This prime location offers easy access to the expressway, airport, and local colleges, making it highly desirable for tenants. Each of the eight units features 2 bedrooms and 1 full bath, offering a functional and in-demand layout. The property is shown by appointment only. Do Not go to the property, or approach tenants. A bank letter or proof of funds will need to be provided prior to making an appointment. With a monthly income of $7, 700, this property presents a solid return with room for future growth. Its strong rental history, excellent location, and consistent demand make it a great addition to any investment portfolio. A rare opportunity to own a multi-family property in a thriving commercial area with long-term upside potential.

Location

1664 Graves Mill, 24502, Lynchburg, VA

Data

Object TypeResidential Income
Purchase Price$899,000
Living Space6792 m²
Plot Size2835.59 m²
BathroomsN/A
Construction Year1970
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeHeat Pump
Primary Energy SourceN/A
Construction Year1970
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent