151 Homewood Drive

Lynchburg, VA 24502

$225,000
Price
7
Beds
3
Baths
1
1/2 Bath
1,839 Sq. Ft.
$122 / Sq. Ft.
1,839
Sq. Ft.
$122
per Sq. Ft.

Description

INVESTORS Take Note! Great Cash Flow at this Campbell Co property on .54 acres. Cape Cod main house is a 1234 sf 4 bed/2 bath with County Water/Sewer; a new heat pump, 200 amp meter & water heater; updated electric and plumbing & some replacement windows. Separated by the laundry porch (where coin operated machines can bump cash flow) another POTENTIAL 543 sf 1 BR apartment can be created/completed with the addition of a tub/shower, closet and micro kitchen. It has a 100 amp meter. ALSO, there is...INVESTORS Take Note! Great Cash Flow at this Campbell Co property on .54 acres. Cape Cod main house is a 1234 sf 4 bed/2 bath with County Water/Sewer; a new heat pump, 200 amp meter & water heater; updated electric and plumbing & some replacement windows. Separated by the laundry porch (where coin operated machines can bump cash flow) another POTENTIAL 543 sf 1 BR apartment can be created/completed with the addition of a tub/shower, closet and micro kitchen. It has a 100 amp meter. ALSO, there is a 3 bed/1 bath singlewide in good condition with County Water and it's own septic system; a 200 amp meter. Great Campbell Co schools and low taxes! As an investment property, this cash flow is huge; 2024 Fair Market Rents are: $1627 for a 4 BR, $1494 for a 3 BR, $966 for a 1 BR. Financing is already approved for this property with Farmers Bank. At $229,000 this is a steal! Call for a showing today!
  1. Listed by Susan Murray • Epique Inc

Property Details for 151 Homewood Drive

Zoning
Res
Parking
2 Spaces/Unit, Off Street Parking, On-Street
Directions
From Timberlake Road turn East on Homewood/Rt 791. Silver Line Automotive car dealership and AID Tire and Auto Repair are at this corner ~ just west of Waterlick Road.
LISTING UPDATED: 12/10/2024 01:24 PM

Property Details for 151 Homewood Drive

StatusActive
MLS #355994
Days on Market90
Taxes$800 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1954
Lot Size0.54 AC / 23,522 SF
CountyCampbell County

Building Information for 151 Homewood Drive

Stories-Residences3Year Built1954Building Size-Lot Size0.54 AC / 23,522 SF

Property Information for 151 Homewood Drive

Summary
Location and General Information
  • County/City: Campbell
  • State: VA
  • ZIP: 24502
  • Zip Plus 4: 3872
  • Area: Campbell
  • Longitude: .00
  • Latitude: .00
  • City/Town: Lynchburg
Taxes and HOA
  • Tax Map/Parcel ID: 21B-1-72
  • Estimated Taxes: $800.00
  • Tax Exp Frequency: Yearly
  • Taxes Expense: $800.00
  • Association: Lynchburg Board of Realtors
  • Association Fee: 0.00
School Information
  • School District: Campbell
Property
Lot Information
  • Acres: 0.54
  • Lot Measurement: Acres
  • Lot Size Source: (Public Records)
  • Lot Square Footage: 23522.0
  • Square Footage: 1839.0
  • Est Foundation Sqft: 780.0
  • Est Other Sqft: 0.0
Property and Assessments
  • Property Type: Multi-Family
  • Property Subtype 1: Multi-Family
  • Year Built: 1954
  • Age: 0
  • FIPS Code: 31
  • Legal Description: THOMPSON & COX LOTS 71-74
  • Property Disclaimer: All information herein has not been verified and is not guaranteed
  • Allow Auto Estimate: No
  • Allow Reviews: Yes
  • Validated: Yes
Utilities
  • Sewer: County, Septic Tank
  • Water Expense: $0
  • Water Heater: Electric
  • Water: County
  • # of Water Meters: 1
  • Utility - Electric: American Electric
  • Electric Expense: $0
  • Shared Utilities: Indiv Meter/Electric
  • # of Electric Meters: 0
  • # of Gas Meters: 0
Interior and Exterior Features
Exterior Features
  • Exterior Finish (AG): Aluminum Siding, Vinyl Siding
Interior Features
  • Flooring: Ceramic Tile, Concrete, Vinyl, Wood Floors
  • Heating System: Electric Baseboard, Heat Pump
  • Limited Services: No
  • Cooling: Heat Pump, Window Unit(s)
  • Walls: Paneling, Plaster
  • Three Quarter Bathrooms: 0
Multi Family
Multi-Family Information
  • Total Number of Units: 3
  • Number of Unfurnished Units: 0
  • Number of Furnished Units: 3
Unit 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Full Baths: 2
  • Unit 1 Half Baths: 0
  • Unit 1 Occupancy: Vacant
  • Unit 1 Rent Amount: $1,627.00
  • Unit 1 Square Feet: 1234.0
  • Unit 1 Amenities: Dryer, Fireplace, Porch, Range/Oven, Refrigerator, Smoke Alarm, Storm Win/Doors, Washer
Unit 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Full Baths: 0
  • Unit 2 Half Baths: 1
  • Unit 2 Occupancy: Vacant
  • Unit 2 Rent Amount: $966.00
  • Unit 2 Square Feet: 543.0
  • Unit 2 Amenities: Dryer, Extra Storage, Porch, Smoke Alarm, Storm Win/Doors, Washer
Unit 3
  • Unit 3 Bedrooms: 3
  • Unit 3 Full Baths: 1
  • Unit 3 Half Baths: 0
  • Unit 3 Occupancy: Vacant
  • Unit 3 Rent Amount: $1,494.00
  • Unit 3 Square Feet: 0.0
  • Unit 3 Amenities: Dryer, Handicapped Access, Range/Oven, Refrigerator, Smoke Alarm, Storm Win/Doors, Washer
Unit 4
  • Unit 4 Full Baths: 0
  • Unit 4 Half Baths: 0
  • Unit 4 Rent Amount: $.00
  • Unit 4 Square Feet: 0.0
Unit 5
  • Unit 5 Full Baths: 0
  • Unit 5 Half Baths: 0
  • Unit 5 Rent Amount: $.00
  • Unit 5 Square Feet: 0.0
Unit 6
  • Unit 6 Full Baths: 0
  • Unit 6 Half Baths: 0
  • Unit 6 Rent Amount: $.00
  • Unit 6 Square Feet: 0.0
Income and Expenses
  • Gas Expense: $0
  • Heat Expense: $0
  • Insurance Frequency: Yearly
  • Insurance Expenses: $2,500
  • Maintenance Expense: $0
  • Miscellaneous: Common Laundry, Handicapped Access, Shopping Nearby
  • Net Oper Income: $0
  • Annual Gross Income: $49,044

Property History for 151 Homewood Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 151 Homewood Drive

Taxable ValueLand$21,300Additions$154,300Total$175,600
Tax Record2024$790 ($66 / month)
Home Facts
Beds4Total Finished SqFt1,839 SqFtAbove Grade Finished SqFt1,839 SqFtStories2Lot Size4,850 SqFtStyleSingle Family ResidenceYear Built1954ZoningR-SFCountyCAMPBELLAPN021B-01000-072-0

Schools near 151 Homewood Drive

This home is within Campbell County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Tomahawk Elementary School
PublicPK to 5

Brookville Middle School
Public6 to 8

Brookville High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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151 Homewood Drive is a multi-family home for sale in Lynchburg, VA 24502. This property was listed for sale on September 23, 2024 by Epique Inc, it's currently listed at $225,000. It has been on the market for a total of 90 days and was last sold on February 15, 2024. This listing's school district is Campbell County Public Schools. Nearby schools include Tomahawk Elementary School, Brookville Middle School and Brookville High School. 151 Homewood Drive is a 7-bed, 3.5-bath, 1,839 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Epique Inc, Susan Murray

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.