1200 Liggates Rd - Apartments FOR SALE


Lynchburg, VA 24502- Fort Hill
$1,050,000 USD
434-660-3286
1200 Liggates Rd, Lynchburg, VA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/34
null | 6.86% Cap Rate

1200 Liggates Rd
Lynchburg, VA 24502
Fort Hill


HIGHLIGHTS

  • Beautiful Brick Multi-Family Property (2 Buildings-12 Units)!
  • Centrally located in Lynchburg! Close to Liberty University, restaurants, Shopping and amenities!
  • Many Recent Upgrades!
  • Cash Flowing Property!
  • Fully Occupied!

OVERVIEW

Discover a prime investment opportunity in Lynchburg! This is a well-maintained, brick, two-story walk-up with basement. It is conveniently located at 1200 Liggates Rd and features two buildings, 12 residential units and generating positive cash flow at full occupancy. Recent upgrades: 75% of units have been renovated since 2023, to include updated flooring, paint, cabinets & counters as needed, new windows, new heat pumps, new roof; shared common areas renovated (2025); Shared Laundry in basement that is coin operated for extra income! Ample parking, and centrally located in Lynchburg! Close to Liberty University, restaurants, shopping and local amenities, it's positioned for strong returns - act now to secure this opportunity!

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

12

PRICE/UNIT

$87,500

CAP RATE

6.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

22,869 SF

ZONING

R4

APN/PARCEL ID

02909006

ASK ABOUT THIS PROPERTY

Callie ReyesNBS RentalsMore Info
434-660-3286

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Callie ReyesNBS RentalsMore Info
434-660-3286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.