1664 Graves Mill Rd - Apartments FOR SALE


Lynchburg, VA 24502
$899,000 USD
434-258-6912
1664 Graves Mill Rd, Lynchburg, VA for Sale
$899,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1664 Graves Mill Rd
Lynchburg, VA 24502


OVERVIEW

Don't miss this income-producing 8-plex (16 bedrooms/ 8 baths) ideally located in a high-traffic corridor on Graves Mill Road, surrounded by established restaurants, businesses, and everyday conveniences. This prime location offers easy access to the expressway, airport, and local colleges, making it highly desirable for tenants. Each of the eight units features 2 bedrooms and 1 full bath, offering a functional and in-demand layout. The property is shown by appointment only. Do Not go to the property, or approach tenants. A bank letter or proof of funds will need to be provided prior to making an appointment. With a monthly income of $7,700, this property presents a solid return with room for future growth. Its strong rental history, excellent location, and consistent demand make it a great addition to any investment portfolio. A rare opportunity to own a multi-family property in a thriving commercial area with long-term upside potential.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

8

PRICE/UNIT

$112,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,536 SF

ZONING

B-1

APN/PARCEL ID

240-13-005

ASK ABOUT THIS PROPERTY

Jim RufuseXp RealtyMore Info
434-258-6912

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Jim RufuseXp RealtyMore Info
434-258-6912

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