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Property view

50 W Princeton Circle, 
Lynchburg, VA 24503

$299,000


Bed


Bath


1,008

Sq Ft


Multi-Family

Sold

Listed by

Mason Kiffmeyer

Lpt Realty, Inc

2411073

MLS#

355526

Source:

VA LAR

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About This Home

50 W Princeton Circle

Turnkey duplex investment opportunity with high-income potential! This fully remodeled property, tucked away off Rivermont Ave, is perfect for short-term rentals, with projected gross monthly income of $4,300 to $6,000 from a local property management company. The bottom unit offers 3 bedrooms & 1 bathroom, while the top unit is a 1 bedroom, 1 bathroom space. Both units feature modern, thoughtfully designed interiors with brand-new kitchens, custom tile bathrooms, updated electrical and plumbing, a new roof, heat pump and mini-split units, and new water heaters, ensuring minimal future maintenance costs. The units exude charm with stylish finishes, including open shelving in the kitchens, LVP flooring, & inviting spaces under dormer windows in the upper unit. Located near hospitals, Randolph College, and Downtown Lynchburg, this property is ideally situated for short-term guests. Don't miss this unique, income-generating opportunity!

Home Facts

Multi-Family

Built in 1960

Price Summary

299,000

$296 per Sq. Ft.

MLS #:

355526

Sold:

December 16, 2024


Rooms & Interior

Interior

Living Area:

1,008 Sq. Ft.


Structure

Structure

Building Area:

1,008 Sq. Ft.

Year Built:

1960


Lot

Lot Size (Sq. Ft):

13,651


Finances & Disclosures

Finances

Price:

$299,000

Price per Sq. Ft:

$296 per Sq. Ft.

Source:VA LAR
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