Turnkey Duplex Near Liberty
2638 Sunnymeade Road Unit A&B Rustburg, VA 24588
2638 Sunnymeade Road Unit A&B, Rustburg, VA, 24588
$494,900
For Sale
$494,900
Well-maintained duplex with strong rental potential near Liberty University.
Property Size2,650 SF
Price / SF$186.75
Days on Market127
Property Features for 2638 Sunnymeade Road Unit A&B
General Information
- Standard status
- Active
- Size
- 2,650 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 2024
Listing Agency
Elite Realty
(434) 665-7234
Listed by
Rikki Cheatham · License #0225228025
(434) 665-7234
Source
Compass
Added: Mar 14 Checked: Jul 17 at 4:39 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Realty
Investment Insights
Based on property information with market context.
This turnkey duplex investment property is located just 7 minutes from Liberty University. The well-maintained property features two spacious units. Each unit offers 3 bedrooms and 2.5 baths, providing an ideal layout for the strong rental demand in the area. The property is conveniently located near Liberty University, shopping, dining, and entertainment. This location is perfectly positioned for student, professional, or long-term renters. Each unit features an open-concept main level with a bright living area, dining space, and a modern kitchen with ample cabinetry, granite countertops, tile backsplash, and stainless-steel appliances. A half bath and laundry closet complete the main level. Upstairs, each unit offers three bedrooms with vaulted ceilings and ceiling fans, along with two full bathrooms featuring quality finishes, including a walk-in tile shower. Private back decks overlook a peaceful pond, adding desirable outdoor living space. The property size is 2650 square feet.
Key Highlights
- Turnkey duplex investment property.
- Located just 7 minutes from Liberty University.
- Two spacious units, each with 3 bedrooms and 2.5 baths.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.0k | $12.84 |
| − Vacancy | −$1.9k | −$0.72 |
| EGI | $32.1k | $12.12 |
| − OpEx | −$9.6k | −$3.64 |
| NOI | $22.5k | $8.48 |
2,650 SF · lease $12.84/SF/yr · vacancy 5.61% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.2K
$281.0K – $374.7K
NOI $22,482 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$279.8K
$244.8K – $326.4K
NOI $19,585 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$800.6K
$700.5K – $934.0K
NOI $56,039 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with strong rental potential near Liberty University.
Where is this duplex located?
The property is located at 2638 Sunnymeade Road Unit A&B Rustburg, VA.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Turnkey duplex investment property.; Located just 7 minutes from Liberty University.; Two spacious units, each with 3 bedrooms and 2.5 baths.
