5036 Fort Avenue, Unit 1 & 2

Lynchburg, VA 24502

$369,900
Price
6
Beds
2
Baths
1
1/2 Bath
2,401 Sq. Ft.
$154 / Sq. Ft.
2,401
Sq. Ft.
$154
per Sq. Ft.

Description

Three Streams of Income! A Duplex and a separate Studio Apartment on a large lot with ample parking. Live in one home and lease the other two! Unit #2 has a large unfinished basement with a wood burning fireplace. The rear of the property is fenced in with gates at each end. Great location and income generator. The duplex is currently rented and the separate studio efficiency (27.4 x 14.3) is being used for storage. Unit #1 refrigerator, electric range, microwave, dishwasher convey. Unit #2 electric...Three Streams of Income! A Duplex and a separate Studio Apartment on a large lot with ample parking. Live in one home and lease the other two! Unit #2 has a large unfinished basement with a wood burning fireplace. The rear of the property is fenced in with gates at each end. Great location and income generator. The duplex is currently rented and the separate studio efficiency (27.4 x 14.3) is being used for storage. Unit #1 refrigerator, electric range, microwave, dishwasher convey. Unit #2 electric range, dishwasher convey. The units are in good condition. Laundry area for Unit #2 is in the lower level. Please see the marketing floorplan for both units. Only 8 minutes to LU and 6 minutes to Lynchburg University. Zoned B-1.
  1. Listed by Yvonne Jansen • Lynchburg's Finest Team LLC
  2. Listed by Betsy Ferguson • Lynchburg's Finest Team LLC

Property Details for 5036 Fort Avenue, Unit 1 & 2

Zoning
B-1
Subdivision/Complex
Wards Rd Commercial Corridor
Parking
Parking Lot
Directions
Please use Google Maps. Hailey's Appliances is across the street.

Location

Listing Courtesy of Lynchburg's Finest Team LLC, Yvonne Jansen; Lynchburg's Finest Team LLC, Betsy Ferguson
Add your commute
LISTING UPDATED: 05/01/2024 07:39 PM

Property Details for 5036 Fort Avenue, Unit 1 & 2

StatusActive
MLS #350597
Days on Market89
Taxes$1,606 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1949
Lot Size0.35 AC / 15,037 SF
CountyLynchburg

Location

Listing Courtesy of Lynchburg's Finest Team LLC, Yvonne Jansen; Lynchburg's Finest Team LLC, Betsy Ferguson
Add your commute

Building Information for 5036 Fort Avenue, Unit 1 & 2

Stories-Residences2Year Built1949Building Size-Lot Size0.35 AC / 15,037 SF

Payment Calculator

$2,153 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,019

Property Taxes

$134

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5036 Fort Avenue, Unit 1 & 2

Summary
Location and General Information
  • County/City: Lynchburg
  • State: VA
  • ZIP: 24502
  • Zip Plus 4: 1602
  • Area: Lynchburg
  • Longitude: .00
  • Latitude: .00
  • City/Town: Lynchburg
Taxes and HOA
  • Tax Map/Parcel ID: 05310051
  • Estimated Taxes: $1,606.00
  • Taxes Expense: $.00
  • Association: Lynchburg Board of Realtors
  • Association Fee: 0.00
School Information
  • School District: Lynchburg
Property
Lot Information
  • Acres: 0.3452
  • Lot Measurement: Acres
  • Lot Size Source: (Public Records)
  • Lot Square Footage: 15037.0
  • Square Footage: 2401.0
  • 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: 1949
  • Age: 0
  • FIPS Code: 680
  • Legal Description: RADCLIFF, BLK 13, LOTS 8-9
  • Property Disclaimer: All information herein has not been verified and is not guaranteed
  • Allow Auto Estimate: Yes
  • Allow Reviews: Yes
  • Validated: Yes
Utilities
  • Sewer: City
  • Water Expense: $0
  • Water Heater: Electric
  • Water: City
  • # 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): Brick
  • Attach Doc to DocBox: Disclosure, Lead Based Paint
Interior Features
  • Flooring: Vinyl, Wood Floors
  • Heating System: Heat Pump
  • Internet Providers: Comcast/Xfinity
  • Limited Services: No
  • Cooling: Central Electric
  • Walls: Drywall
  • Three Quarter Bathrooms: 0
Multi Family
Multi-Family Information
  • Unit: 1 & 2
  • Total Number of Units: 2
  • Number of Unfurnished Units: 0
  • Number of Furnished Units: 2
Unit 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Full Baths: 1
  • Unit 1 Half Baths: 0
  • Unit 1 Occupancy: Occupied
  • Unit 1 Rent Amount: $870.00
  • Unit 1 Square Feet: 1056.0
  • Unit 1 Amenities: Dishwasher, Disposal, Dryer Hookup, Range/Oven, Refrigerator, 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: $860.00
  • Unit 2 Square Feet: 1345.0
  • Unit 2 Amenities: Dishwasher, Disposal, Dryer Hookup, Fireplace, Porch, Range/Oven, Washer Hookup
Unit 3
  • Unit 3 Full Baths: 0
  • Unit 3 Half Baths: 0
  • Unit 3 Rent Amount: $.00
  • Unit 3 Square Feet: 0.0
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 Expenses: $0
  • Maintenance Expense: $0
  • Miscellaneous: Individual Laundry, Shopping Nearby
  • Net Oper Income: $0
  • Annual Gross Income: $0

Property History for 5036 Fort Avenue, Unit 1 & 2

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 5036 Fort Avenue, Unit 1 & 2

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
Sheffield Elementary School
PublicPK to 5

Paul Laurence Dunbar Mid. For Innov.
Public6 to 8

Heritage 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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5036 Fort Avenue, Unit 1 & 2 is a multi-family home for sale in Lynchburg, VA 24502. This property was listed for sale on February 17, 2024 by Lynchburg's Finest Team LLC, it's currently listed at $369,900. This listing's school district is Lynchburg City Public Schools. Nearby schools include Sheffield Elementary School, Paul Laurence Dunbar Mid. For Innov. and Heritage High School. 5036 Fort Avenue, Unit 1 & 2 is a 6-bed, 2.5-bath, 2,401 sqft multi-family home built in 1949.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lynchburg's Finest Team LLC, Yvonne Jansen; Lynchburg's Finest Team LLC, Betsy Ferguson

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.