1511 Rivermont Avenue Lynchburg, VA 24503

Building Details

Year Built

1916

Listing Agency Raven Realty LLC c***@gmail.com Show Phone

Listed by Michael Cooper · License #0225222475 Show Phone

Source Compass

Added: Mar 26 Updated: Jul 10 at 1:37 pm Checked: Jul 19 at 4:37 am

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Investment Insights

Based on property information with market context.

This historic 1916 stucco duplex is located in Lynchburg's Rivermont Historic District. The property features a hip roof with slate tile and a stucco exterior. It includes two units, both of which are currently occupied and generating $2,390 per month in gross rent. Unit 1511 has 3 bedrooms and 1.5 baths and is rented to a long-term tenant for $795 per month. Unit 1513 features 3 bedrooms and 1 full bath and is rented for $1,595 per month. The property has hot water heat and a generous covered porch space. A full unfinished basement offers storage or future finishing potential. Tenants are responsible for all lawn care and landscaping. The property is located in the EC Glass High School district and is minutes from Randolph College, the James River trail, and downtown Lynchburg. It is currently used as a residential income property.

Key Highlights

• Turnkey investment property generating $2,390/month in gross rental income.
• Located in the desirable Rivermont Historic District.
• Unit 1511 rent is below market value, offering significant upside potential at lease renewal.

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FAQs

What type of property is this?

Duplex - 1916 stucco duplex in Lynchburg's Rivermont Historic District.

Where is this duplex located?

The property is located at 1511 Rivermont Avenue Lynchburg, VA.

What is the asking price?

The asking price for this property is $345,000.

What are key features of this property?

This property features: Turnkey investment property generating $2,390/month in gross rental income.; Located in the desirable Rivermont Historic District.; Unit 1511 rent is below market value, offering significant upside potential at lease renewal.