1609 Rivermont Avenue

Lynchburg, VA 24503

$349,900
Price
7
Beds
3
Baths
1
1/2 Bath
3,267 Sq. Ft.
$107 / Sq. Ft.
3,267
Sq. Ft.
$107
per Sq. Ft.

Description

Located in the heart of downtown Lynchburg, 1609 Rivermont Ave is a rare gem, offering both timeless character and modern cashflow potential. This beautifully restored historic property has been converted into a fully occupied triplex, making it an ideal addition to any investor's portfolio. Each unit is currently leased, ensuring immediate income and long-term stability. With its prime location on the iconic Rivermont Avenue, tenants enjoy proximity to vibrant shops, dining, and entertainment, making...Located in the heart of downtown Lynchburg, 1609 Rivermont Ave is a rare gem, offering both timeless character and modern cashflow potential. This beautifully restored historic property has been converted into a fully occupied triplex, making it an ideal addition to any investor's portfolio. Each unit is currently leased, ensuring immediate income and long-term stability. With its prime location on the iconic Rivermont Avenue, tenants enjoy proximity to vibrant shops, dining, and entertainment, making this a highly desirable rental property. Don't miss your chance to own a piece of Lynchburg's history while enjoying consistent returns. Schedule a showing today and experience firsthand the potential of 1609 Rivermont Ave.
  1. Listed by Noah Kessler • Keller Williams

Property Details for 1609 Rivermont Avenue

Subdivision/Complex
Middle Rivermont
Parking
On-Street
Directions
Take Rivermont Ave to 1609.
LISTING UPDATED: 10/14/2024 12:00 PM

Property Details for 1609 Rivermont Avenue

StatusActive
MLS #354754
Days on Market44
Taxes$2,150 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1912
Lot Size0.18 AC / 8,046 SF
CountyLynchburg

Building Information for 1609 Rivermont Avenue

Stories-Residences3Year Built1912Building Size-Lot Size0.18 AC / 8,046 SF

Property Information for 1609 Rivermont Avenue

Summary
Location and General Information
  • County/City: Lynchburg
  • State: VA
  • ZIP: 24503
  • Zip Plus 4: 1622
  • Area: Lynchburg
  • Longitude: .00
  • Latitude: .00
  • City/Town: Lynchburg
Taxes and HOA
  • Tax Map/Parcel ID: 02114001
  • Estimated Taxes: $2,150.00
  • Taxes Expense: $.00
  • Association: Lynchburg Board of Realtors
  • Association Fee: 0.00
School Information
  • School District: Lynchburg
Property
Lot Information
  • Acres: 0.1847
  • Lot Measurement: Acres
  • Lot Size Source: (Public Records)
  • Lot Square Footage: 8046.0
  • Square Footage: 3267.0
  • Est Foundation Sqft: 0.0
  • Est Other Sqft: 0.0
Property and Assessments
  • Property Type: Multi-Family
  • Property Subtype 1: Multi-Family
  • Year Built: 1912
  • Age: 0
  • FIPS Code: 680
  • Legal Description: DANIELSVILLE, BLK 47 OR 61
  • Property Disclaimer: All information herein has not been verified and is not guaranteed
  • Special Features: Historical District
  • Allow Auto Estimate: No
  • Allow Reviews: No
  • Validated: Yes
Utilities
  • Sewer: City
  • Water Exp Frequency: Monthly
  • Water Expense: $125
  • Water Heater: Central
  • Water: City
  • # of Water Meters: 1
  • Electric Expense: $0
  • Shared Utilities: Indiv Meter/Electric
  • # of Electric Meters: 0
  • # of Gas Meters: 4
Interior and Exterior Features
Exterior Features
  • Exterior Finish (AG): Cedar Shake
  • Attach Doc to DocBox: Disclosure, Lead Based Paint, Profit & Loss Stmnt
Interior Features
  • Flooring: Vinyl, Wood Floors
  • Heating System: Forced Warm Air-Gas
  • Limited Services: No
  • Cooling: Central Electric
  • Three Quarter Bathrooms: 0
Multi Family
Multi-Family Information
  • Total Number of Units: 3
  • Number of Unfurnished Units: 0
  • Number of Furnished Units: 0
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Full Baths: 1
  • Unit 1 Half Baths: 0
  • Unit 1 Occupancy: Occupied
  • Unit 1 Rent Amount: $1,195.00
  • Unit 1 Square Feet: 1217.0
  • Unit 1 Amenities: Balcony/Patio, Dryer, Dryer Hookup, Range/Oven, Refrigerator, Smoke Alarm, Washer, Washer Hookup
Unit 2
  • Unit 2 Bedrooms: 3
  • Unit 2 Full Baths: 1
  • Unit 2 Half Baths: 1
  • Unit 2 Occupancy: Occupied
  • Unit 2 Rent Amount: $1,600.00
  • Unit 2 Square Feet: 1517.0
  • Unit 2 Amenities: Balcony/Patio, Dryer Hookup, Porch, Range/Oven, Washer Hookup
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Full Baths: 1
  • Unit 3 Half Baths: 0
  • Unit 3 Occupancy: Occupied
  • Unit 3 Rent Amount: $450.00
  • Unit 3 Square Feet: 833.0
  • Unit 3 Amenities: Dryer Hookup, Extra Storage, Range/Oven, Refrigerator, Washer Hookup
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: $50
  • Gas Exp Frequency: Monthly
  • Heat Expense: $0
  • Insurance Expenses: $0
  • Maintenance Expense: $0
  • Miscellaneous: Bus Route, Pets Allowed, Shopping Nearby
  • Net Oper Income: $0
  • Annual Gross Income: $0

Property History for 1609 Rivermont Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1609 Rivermont Avenue

Taxable ValueLand$35,000Additions$282,800Total$317,800
Tax Record2024$2,828 ($236 / month)
Home Facts
Total Finished SqFt2,490 SqFtAbove Grade Finished SqFt2,490 SqFtStories2Lot Size8,046 SqFtStyleMulti-Family Dwelling (2-4)Year Built1912ZoningR3CountyLYNCHBURG CITYAPN021 14 001

Schools near 1609 Rivermont Avenue

This home is within Lynchburg City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Bedford Hills Elementary School
PublicPK to 5

Linkhorne Middle School
Public6 to 8

E.C. Glass 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.

Similar Homes

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1609 Rivermont Avenue is a multi-family home for sale in Lynchburg, VA 24503. This property was listed for sale on September 19, 2024 by Keller Williams, it's currently listed at $349,900. It has been on the market for a total of 44 days and was last sold on December 15, 2023. This listing's school district is Lynchburg City Public Schools. Nearby schools include Bedford Hills Elementary School, Linkhorne Middle School and E.C. Glass High School. 1609 Rivermont Avenue is a 7-bed, 3.5-bath, 3,267 sqft multi-family home built in 1912.

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 Keller Williams, Noah Kessler

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.