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c.2019:RE/MAX 1st Olympic or Assignees

MULTI-FAMILY PROPERTY SALE PENDING

MULTI-FAMILY PROPERTY with long rental history. This property consists of a total of 5 units (with potential for a 6th efficiency unit in the motel which was formerly the office). Formerly the Ridgecrest Motel has 4 - 1 BR units, rented for $380/each for years. Separate electric meters; Roof replaced June 2018; Shared well; The septic for the apartments is located on lot next door. Owner has paid for new windows across front of apartments. Cinderblock & Brick construction, on 1.38 acre parcel. Also included is a 3-BR single wide trailer-address is 129 Leisure Lane, currently rented for $375, on 1 acre parcel. Do the math-as it is now, annual gross income of $22,740. Investors, this is a great opportunity! Shown by appointment only-Must have 24 hour notice.
MLS#: 315059
Unit: 
Price:  $130,000
Bedrooms:  7
Baths:  5.10
Sq Ft: 
Lot Size:  2.38 acres
Garage: 
Zoning: Vill
Subdivision: 
Year Built: 1954
Schools: 
Map location from available data. Location should be verified. Click map for interactive view.

RE/MAX 1st Olympic

April Bailey, CRS, ABR, GRI, SFR
20395 Timberlake Rd
Lynchburg, VA | 24502

Direct: 434-665-5385

April Bailey

Information herein deemed reliable but is not guaranteed. Interested parties should obtain independent property reports. Neither the listing broker nor the internet publisher shall be responsible for errors.