221 South Princeton Circle

Lynchburg, VA 24503

$364,900
Price
5
Beds
4
Baths
3,934 Sq. Ft.
$93 / Sq. Ft.
3,934
Sq. Ft.
$93
per Sq. Ft.

Description

Time to get a contract on an investment property in the desirable Rivermont area near Randolph College! Schedule a showing to see this 4-plex with a very successful rental history. This is a great option for new or experienced investors to jump in the market. All units have separate electric meters and the house gas boiler was fine-tuned recently. Units 1 & 2 have mini-splits to provide air conditioning.Time to get a contract on an investment property in the desirable Rivermont area near Randolph College! Schedule a showing to see this 4-plex with a very successful rental history. This is a great option for new or experienced investors to jump in the market. All units have separate electric meters and the house gas boiler was fine-tuned recently. Units 1 & 2 have mini-splits to provide air conditioning.
  1. Listed by Terri Proffitt • Consensus Real Estate Service, Llc
  2. Listed by Stephanie C Cox • Cox Management and Consulting

Property Details for 221 South Princeton Circle

Zoning
R4R3
Subdivision/Complex
Randolph College Area
Parking
On-Street, Paved Drive
Directions
West on Rivermont Avenue from downtown to left on South Princeton. Property is on the right.
LISTING UPDATED: 09/19/2024 10:34 PM

Property Details for 221 South Princeton Circle

StatusActive
MLS #354384
Days on Market64
Taxes$2,445 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1911
Lot Size0.25 AC / 10,890 SF
CountyLynchburg Independent City

Building Information for 221 South Princeton Circle

Stories-Residences4Year Built1911Building Size-Lot Size0.25 AC / 10,890 SF

Property Information for 221 South Princeton Circle

Summary
Location and General Information
  • County/City: Lynchburg
  • State: VA
  • ZIP: 24503
  • Zip Plus 4: 2659
  • Area: Lynchburg
  • Longitude: .00
  • Latitude: .00
  • City/Town: Lynchburg
Taxes and HOA
  • Tax Map/Parcel ID: 01901005
  • Estimated Taxes: $2,445.00
  • Tax Exp Frequency: Yearly
  • Taxes Expense: $2,083.00
  • Association: Lynchburg Board of Realtors
  • Association Fee: 0.00
School Information
  • School District: Lynchburg
Property
Lot Information
  • Acres: 0.25
  • Lot Measurement: Acres
  • Lot Size Source: (Public Records)
  • Lot Square Footage: 10890.0
  • Square Footage: 3934.0
  • Square Footage Source: Public Record Manual
  • Est Foundation Sqft: 1367.0
  • Est Other Sqft: 0.0
Property and Assessments
  • Property Type: Multi-Family
  • Property Subtype 1: Multi-Family
  • Year Built: 1911
  • Age: 0
  • FIPS Code: 680
  • Legal Description: WARWICK ADD, BLK Y, PT LOT 15-17
  • Property Disclaimer: All information herein has not been verified and is not guaranteed
  • Allow Auto Estimate: Yes
  • Allow Reviews: No
  • Validated: Yes
Utilities
  • Sewer: City
  • Water Exp Frequency: Yearly
  • Water Expense: $2,202
  • Water Heater: Gas
  • Water: City
  • # of Water Meters: 1
  • Utility - Electric: American Electric
  • Electric Exp Freq: Yearly
  • Electric Expense: $1,151
  • Shared Utilities: Indiv Meter/Electric
  • # of Electric Meters: 0
  • # of Gas Meters: 1
Interior and Exterior Features
Exterior Features
  • Exterior Finish (AG): Wood Siding
  • Attach Doc to DocBox: Disclosure, Lead Based Paint
Interior Features
  • Flooring: Ceramic Tile, Concrete, Vinyl, Wood Floors
  • Heating System: Heat Pump, Steam-Gas
  • Internet Providers: Comcast/Xfinity, Verizon
  • Limited Services: No
  • Cooling: Heat Pump, Wall Unit(s), Window Unit(s)
  • Walls: Drywall, Plaster
  • Three Quarter Bathrooms: 0
Multi Family
Multi-Family Information
  • Total Number of Units: 4
  • Number of Unfurnished Units: 4
  • Number of Furnished Units: 0
Unit 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Full Baths: 1
  • Unit 1 Half Baths: 0
  • Unit 1 Occupancy: Occupied
  • Unit 1 Rent Amount: $675.00
  • Unit 1 Square Feet: 0.0
  • Unit 1 Amenities: Dryer, Range/Oven, Refrigerator, Washer
Unit 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Full Baths: 1
  • Unit 2 Half Baths: 0
  • Unit 2 Occupancy: Occupied
  • Unit 2 Rent Amount: $675.00
  • Unit 2 Square Feet: 0.0
  • Unit 2 Amenities: Dryer, Range/Oven, Refrigerator, Washer
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Full Baths: 1
  • Unit 3 Half Baths: 0
  • Unit 3 Occupancy: Occupied
  • Unit 3 Rent Amount: $935.00
  • Unit 3 Square Feet: 0.0
  • Unit 3 Amenities: Cable TV, Dryer, Porch, Range/Oven, Refrigerator, Washer
Unit 4
  • Unit 4 Bedrooms: 1
  • Unit 4 Full Baths: 1
  • Unit 4 Half Baths: 0
  • Unit 4 Occupancy: Occupied
  • Unit 4 Rent Amount: $500.00
  • Unit 4 Square Feet: 0.0
  • Unit 4 Amenities: Balcony/Patio, Range/Oven, Refrigerator
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: $3,337
  • Gas Exp Frequency: Yearly
  • Heat Expense: $0
  • Insurance Frequency: Yearly
  • Insurance Expenses: $1,961
  • Maintenance Expense: $4,489
  • Maintenance Exp Freq: Yearly
  • Miscellaneous: Bus Route, Individual Laundry, Shopping Nearby, Unfurnished
  • Net Oper Income: $0
  • Annual Gross Income: $31,812

Property History for 221 South Princeton Circle

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 221 South Princeton Circle

Taxable ValueLand$33,000Additions$241,700Total$274,700
Tax Record2024$2,445 ($204 / month)
Home Facts
Total Finished SqFt2,734 SqFtAbove Grade Finished SqFt2,734 SqFtStories2Lot Size10,890 SqFtStyleMulti-Family Dwelling (2-4)Year Built1911ZoningR3CountyLYNCHBURG CITYAPN019 01 005

Schools near 221 South Princeton Circle

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.

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221 South Princeton Circle is a multi-family home for sale in Lynchburg, VA 24503. This property was listed for sale on August 30, 2024 by Consensus Real Estate Service, Llc, it's currently listed at $364,900. It has been on the market for a total of 64 days and was last sold on October 31, 2017. 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. 221 South Princeton Circle is a 5-bed, 4-bath, 3,934 sqft multi-family home built in 1911.

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 Consensus Real Estate Service, Llc, Terri Proffitt; Cox Management and Consulting, Stephanie C Cox

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.