Property profile

421 Rivermont Ave Lynchburg, VA 24504

OFF-MARKET
Apartment buildings
Property ID
US87-1429254
1,299 SF 0.79 ac lot Built 1910
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1910
Construction FRAME
Total area 1,299 SF
Lot 0.79 ac (34,282 SF)
Zoning code R4
APN 023 15 001
UPID US87-1429254

Cap rate & NOI

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

Location

421 Rivermont Ave Lynchburg, VA 24504-2358
Lynchburg metro Census 400 LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2021
Last sale
$210,000
2 recorded transactions
2021
Price N/A
2018
$210,000

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

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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