Property profile

401 Rivermont Ave Lynchburg, VA 24504

OFF-MARKET
Apartment buildings
Property ID
US87-1809398
8,400 SF 0.15 ac lot Built 1927
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1927
Total area 8,400 SF
Lot 0.15 ac (6,578 SF)
Zoning code R4
APN 023 15 006
UPID US87-1809398

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

401 Rivermont Ave Lynchburg, VA 24504-2360
Lynchburg metro Census 400 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.03M
Comparable Approach Comparable
by Request
Blend (final) Blend
$910k

Owner & transaction history

since 2019
4 recorded transactions
2022
Price N/A
2020
Price N/A
2019
$185,000
2016
Price N/A

Zoning & alternative use

R4 · Lynchburg, VA
Zoning description

The R-4 district is intended to provide for residential and other compatible uses at high densities in locations with adequate infrastructure and proximity to necessary services and employment

General category RESIDENTIAL
Top alternative use upside
Medical building $1.5M +30.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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