228 Newcomb Drive

Madison Heights, VA 24572

$900,000
Price
12
Beds
6
Baths
2
1/2 Baths
2,880 Sq. Ft.
$313 / Sq. Ft.
2,880
Sq. Ft.
$313
per Sq. Ft.

Description

Investment Opportunity in Amherst County: A Prime Development & Rental Property. Discover a rare investment opportunity in Amherst County, where significant development is underway. This expansive property spans over 14 acres and includes a charming 1900s farmhouse, two duplexes, and one triplex. Currently, there are eight rented units, including the farmhouse, providing immediate income potential. Over 14 acres of land with a 1900s farmhouse, two duplexes, and one triplex. The property boasts eight...Investment Opportunity in Amherst County: A Prime Development & Rental Property. Discover a rare investment opportunity in Amherst County, where significant development is underway. This expansive property spans over 14 acres and includes a charming 1900s farmhouse, two duplexes, and one triplex. Currently, there are eight rented units, including the farmhouse, providing immediate income potential. Over 14 acres of land with a 1900s farmhouse, two duplexes, and one triplex. The property boasts eight rented units, offering a steady revenue stream. Located in a rapidly developing area, this property is poised for future growth and value appreciation. Situated just minutes from local amenities such as grocery stores, shops, and restaurants, this property offers convenience and accessibility. The proximity to the 460 bypass and Route 29 ensures a quick and easy commute to Lynchburg, making it an attractive location for tenants and potential buyers. Pond on property
  1. Listed by Christina Holmes • Keller Williams
  2. Listed by Elizabeth S Howell-Jennings • Keller Williams
LISTING UPDATED: 08/01/2024 10:33 AM

Property Details for 228 Newcomb Drive

StatusActive
MLS #353802
Days on Market91
Taxes$3,702 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1903
Lot Size14.32 AC / 623,866 SF
CountyAmherst County

Building Information for 228 Newcomb Drive

Stories-Residences7Year Built1903Building Size-Lot Size14.32 AC / 623,866 SF

Property Information for 228 Newcomb Drive

Summary
Location and General Information
  • County/City: Amherst
  • State: VA
  • ZIP: 24572
  • Area: Amherst
  • Longitude: .00
  • Latitude: .00
  • City/Town: Madison Heights
Taxes and HOA
  • Tax Map/Parcel ID: 161A24161C22C15
  • Estimated Taxes: $3,702.00
  • Taxes Expense: $.00
  • Association: Lynchburg Board of Realtors
  • Association Fee: 0.00
School Information
  • School District: Amherst
Property
Lot Information
  • Acres: 14.322
  • Lot Measurement: Acres
  • Lot Size Source: (Public Records)
  • Lot Square Footage: 623866.0
  • Square Footage: 2880.0
  • Square Footage Source: Public Record Manual
  • Est Foundation Sqft: 0.0
  • Est Other Sqft: 0.0
Property and Assessments
  • Property Type: Multi-Family
  • Property Subtype 1: Multi-Family
  • Year Built: 1903
  • Age: 0
  • FIPS Code: 9
  • Legal Description: On Bowling Hill 161 A 24 161C2 2 C 1-5
  • Property Disclaimer: All information herein has not been verified and is not guaranteed
  • Allow Auto Estimate: No
  • Allow Reviews: No
  • Validated: Yes
Utilities
  • Sewer: County, Septic Tank
  • Water Expense: $0
  • # of Water Meters: 0
  • Utility - Electric: American Electric
  • Electric Expense: $0
  • # of Electric Meters: 0
  • # of Gas Meters: 0
Interior and Exterior Features
Exterior Features
  • Exterior Finish (AG): Brick
Interior Features
  • Limited Services: No
  • Three Quarter Bathrooms: 0
Multi Family
Multi-Family Information
  • Total Number of Units: 7
  • 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 Rent Amount: $.00
  • Unit 1 Square Feet: 0.0
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Full Baths: 1
  • Unit 2 Half Baths: 0
  • Unit 2 Rent Amount: $.00
  • Unit 2 Square Feet: 0.0
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Full Baths: 1
  • Unit 3 Half Baths: 0
  • Unit 3 Rent Amount: $.00
  • Unit 3 Square Feet: 0.0
Unit 4
  • Unit 4 Bedrooms: 2
  • Unit 4 Full Baths: 1
  • Unit 4 Half Baths: 0
  • Unit 4 Rent Amount: $.00
  • Unit 4 Square Feet: 0.0
Unit 5
  • Unit 5 Bedrooms: 2
  • Unit 5 Full Baths: 1
  • Unit 5 Half Baths: 1
  • Unit 5 Rent Amount: $.00
  • Unit 5 Square Feet: 0.0
Unit 6
  • Unit 6 Bedrooms: 2
  • Unit 6 Full Baths: 1
  • Unit 6 Half Baths: 1
  • Unit 6 Rent Amount: $.00
  • Unit 6 Square Feet: 0.0
Income and Expenses
  • Gas Expense: $0
  • Heat Expense: $0
  • Insurance Expenses: $0
  • Maintenance Expense: $0
  • Net Oper Income: $0
  • Annual Gross Income: $0

Property History for 228 Newcomb Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 228 Newcomb Drive

This home is within Amherst County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - 6 to 12
Rating
School
Distance
Madison Heights Elementary School
PublicPK to 5

Monelison Middle School
Public6 to 8

Amherst County High School
Public9 to 12

Solid Rock Baptist Church
Private6 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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228 Newcomb Drive is a multi-family home for sale in Madison Heights, VA 24572. This property was listed for sale on August 1, 2024 by Keller Williams, it's currently listed at $900,000. This listing's school district is Amherst County Public Schools. Nearby schools include Madison Heights Elementary School, Monelison Middle School and Amherst County High School. 228 Newcomb Drive is a 12-bed, 7-bath, 2,880 sqft multi-family home built in 1903.

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, Christina Holmes; Keller Williams, Elizabeth S Howell-Jennings

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.