Log In/Sign Up
Your email has been sent.
1200 Liggates Rd
Lynchburg, VA 24502
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Beautiful Brick Multi-Family Property (2 Buildings-12 Units)!
- Many Recent Upgrades!
- Fully Occupied!
- Centrally located in Lynchburg! Close to Liberty University, restaurants, Shopping and amenities!
- Cash Flowing Property!
Executive Summary
Discover a prime investment opportunity in Lynchburg! This is a well-maintained, brick, two-story walk-up with basement. It is conveniently located at 1200 Liggates Rd and features two buildings, 12 residential units and generating positive cash flow at full occupancy. Recent upgrades: 75% of units have been renovated since 2023, to include updated flooring, paint, cabinets & counters as needed, new windows, new heat pumps, new roof; shared common areas renovated (2025); Shared Laundry in basement that is coin operated for extra income! Ample parking, and centrally located in Lynchburg! Close to Liberty University, restaurants, shopping and local amenities, it's positioned for strong returns - act now to secure this opportunity!
Property Facts
| Price Per Unit | $87,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 6.86% | Building Size | 10,692 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2023 |
| Apartment Style | Low-Rise | ||
| Zoning | R4 - R4 - High density residential district. | ||
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 6.86% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 10,692 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1962/2023 |
| Zoning | R4 - R4 - High density residential district. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Basement
- Handrails
- Instant Hot Water
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $850.00 | 985 |
| 1+1 | 2 | $650.00 | - |
1 of 35
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
