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313 Laxton Rd, Lynchburg, VA 24502
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GREAT INVESTMENT Property! 17 Units in 5 buildings across from Brookville Schools. Rental income is $10,525 per month with low monthly expenses. These units stay rented because the average rent is less than $623 per unit. 7 of the tenants have lived there more than 5 years. Excellent cash flow and return on investment. With 14,000+ square feet, the building price is less than $75 per sf. The property consists of 4 lots with 385+ ft. frontage, is zoned business, has commercial potential, and room for expansion with sewer nearby. Low Campbell County taxes.
  • Price:
  • $1,050,000
  • Acreage:
  • 1.76
  • Year Built:
  • 1973
  • Listing ID #:
  • 325071
  • Street Address:
  • 313 Laxton Rd
  • City:
  • Lynchburg
  • State:
  • Virginia
  • Postal Code:
  • 24502
  • Community:
  • Campbell
  • Listing Status:
  • Active
  • Number Of Units:
  • 17
  • Year Built:
  • 1973
  • Annual Gross Income:
  • 126300.00
  • Approximate Lot Size Range Source:
  • (public Records)
  • Lot Square Footage:
  • 76666.00
  • Days On Market:
  • 48
  • Lease Type:
  • Net
  • Hoa Y/N:
  • Lynchburg Board Of Realtors
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Dewitt Real Estate & Auction