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Listed by Jimmy L Rufus Jr. • eXp Realty LLC-Stafford
$ 899,000
Est. payment /mo
Active
1664 Graves Mill RD Lynchburg, VA 24502
6,792 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Indust
Listing Status Active
Purchase Type For Sale
Square Footage 6,792 sqft
Price per Sqft $132
MLS Listing ID 365696
Year Built 1970
Annual Tax Amount $5,000
Lot Size 0.701 Acres
Property Sub-Type Commercial/Indust
Property 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
State VA
County Lynchburg
Zoning B-1
Interior
Heating Heat Pump
Flooring Vinyl/Asphalt/Tile
Exterior
Roof Type Asbestos Shingle
Building
Sewer City