714 Madison Street Lynchburg, VA ^$ 210,000

714 Madison Street

^$ 210,000

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Recently Listed

714 Madison Street

Lynchburg, VA, 24504

^$ 210,000

Bedrooms6 Baths2.0 Sq 2,594

Monthly Estimate*

^$ 1,467

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Multi-Family Home for sale in Lynchburg, VA

for $210,000 with 6 bedrooms and 2 full baths. This 2,594 square foot home was built in 1880 on a lot size of 0.1439.

Welcome to your new duplex in downtown Lynchburg within walking distance to many shops and restaurants. Both units are currently rented and being managed by local property management company. Both units are very large three bedroom units with main level living and two bedrooms upstairs. Both units have heat pumps for heating/cooling. Don't miss your chance to get into investing in downtown Lynchburg.

Multi-Family Active

Price

^$ 210,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 1,220

Style

Multi-Family

Lot Size

0.1439

Year Built

1880

Town/City

Lynchburg

County/Region

Lynchburg City

MLS | Web ID

350057

Features

General

Sewer City

Heating Heat Pump

Cooling Heat Pump

HOA 0.00

Year Built 1880

Property SubType Multi-Family

Gross Income 19740.00

County Lynchburg

Net Operating Income 0.00

Insurance Expense 0.00

Property Type Multi-Family

Subdivision Name College Hill

Close Price 0.00

Status Active

Directions Fifth Street to Madison

City Lynchburg

High School District Lynchburg

Total Units 2

MLS Area Lynchburg

Lot Size Square Feet 6268.00

Street Name Madison

Electric Expense 0.00

Water Sewer Expense 0.00

Availability Date 1800-01-01

Days on Market 124

Lease Type Net

Legal Description COURT HOUSE HILL BLK 147

Interior

Flooring Carpet Over Wood Vinyl Wood Floors

3/4 Baths 0

Street Suffix Street

Exterior

Parking Features On-Street

Water Source City

Lot Size Acres 0.1439

Lot Size Units Acres

Lot Size Source (Public Records)

Foundation Area 0.00

Number of Separate Water Meters 2

Number of Separate Gas Meters 0

Number of Separate Electric Meters 0

Internal Only

Street Number 1 714

* Excluded Features

List By

Schyler Higgins

Listing Agent

Cornerstone Realty Group Inc

Broker

schyler@thecornerstonerealty.com

Affordability Calculator

$1,569

Per Month

Monthly Principal & Interest: $1,467
Monthly Property Taxes: $102
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Lynchburg, VA

Average List Price ^$109,900

Percent of Sale Price 48%

About Lynchburg, VA

83,866 Population

29% Since 2002

^$41,543 Median Income

32.73 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2591920 Elementary School

2591930 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/18/2024	$210,000		Listed Price

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714 Madison Street, Lynchburg, VA, 24504 is a Multi-Family Home for sale at $210,000 with 2,594 sqft and a lot size of 0.1439. 714 Madison Street has 6 bedrooms, 2.0 baths, and was built in 1880. The property's zip code is 24504 which is in Lynchburg, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Lynchburg Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the REALTORS Association of the Muscle Shoals Area, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/20/2024.

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714 Madison Street

Multi-Family Home for sale in Lynchburg, VA

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