714 Madison Street

Lynchburg, VA 24504

$210,000
Price
6
Beds
2
Baths
2,594 Sq. Ft.
$81 / Sq. Ft.
2,594
Sq. Ft.
$81
per Sq. Ft.

Description

Welcome to your new duplex in downtown Lynchburg within walking distance to many shops and restaurants. Both units are currently rented and being managed by local property management company. Both units are very large three bedroom units with main level living and two bedrooms upstairs. Both units have heat pumps for heating/cooling. Don't miss your chance to get into investing in downtown Lynchburg.Welcome to your new duplex in downtown Lynchburg within walking distance to many shops and restaurants. Both units are currently rented and being managed by local property management company. Both units are very large three bedroom units with main level living and two bedrooms upstairs. Both units have heat pumps for heating/cooling. Don't miss your chance to get into investing in downtown Lynchburg.
  1. Listed by Schyler Higgins • Cornerstone Realty Group Inc

Property Details for 714 Madison Street

Subdivision/Complex
College Hill
Parking
On-Street
Directions
Fifth Street to Madison

Location

Listing Courtesy of Cornerstone Realty Group Inc, Schyler Higgins
Add your commute
LISTING UPDATED: 01/26/2024 04:53 PM

Property Details for 714 Madison Street

StatusActive
MLS #350057
Days on Market120
Taxes$1,220 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1880
Lot Size0.14 AC / 6,268 SF
CountyLynchburg

Location

Listing Courtesy of Cornerstone Realty Group Inc, Schyler Higgins
Add your commute

Building Information for 714 Madison Street

Stories-Residences2Year Built1880Building Size-Lot Size0.14 AC / 6,268 SF

Payment Calculator

$1,248 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,146

Property Taxes

$102

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 714 Madison Street

Summary
Location and General Information
  • County/City: Lynchburg
  • State: VA
  • ZIP: 24504
  • Zip Plus 4: 2510
  • Area: Lynchburg
  • Longitude: .00
  • Latitude: .00
  • City/Town: Lynchburg
Taxes and HOA
  • Tax Map/Parcel ID: 02437014
  • Estimated Taxes: $1,220.00
  • Taxes Expense: $.00
  • Association: Lynchburg Board of Realtors
  • Association Fee: 0.00
School Information
  • School District: Lynchburg
Property
Lot Information
  • Acres: 0.1439
  • Lot Measurement: Acres
  • Lot Size Source: (Public Records)
  • Lot Square Footage: 6268.0
  • Square Footage: 2594.0
  • 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: 1880
  • Age: 0
  • FIPS Code: 680
  • Legal Description: COURT HOUSE HILL, BLK 147
  • Property Disclaimer: All information herein has not been verified and is not guaranteed
  • Allow Auto Estimate: No
  • Allow Reviews: No
  • Validated: Yes
Utilities
  • Sewer: City
  • Water Expense: $0
  • Water Heater: Electric
  • Water: City
  • # of Water Meters: 2
  • Utility - Electric: American Electric
  • Electric Expense: $0
  • Shared Utilities: Indiv Meter/Electric, Indiv Meter/Water
  • # of Electric Meters: 0
  • # of Gas Meters: 0
Interior and Exterior Features
Exterior Features
  • Exterior Finish (AG): Wood Siding
Interior Features
  • Flooring: Carpet Over Wood, Vinyl, Wood Floors
  • Heating System: Heat Pump
  • Limited Services: No
  • Cooling: Heat Pump
  • Walls: Plaster
  • Three Quarter Bathrooms: 0
Multi Family
Multi-Family Information
  • Total Number of Units: 2
  • Number of Unfurnished Units: 0
  • Number of Furnished Units: 0
Unit 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Full Baths: 1
  • Unit 1 Half Baths: 0
  • Unit 1 Occupancy: Occupied
  • Unit 1 Rent Amount: $795.00
  • Unit 1 Square Feet: 1297.0
  • Unit 1 Amenities: Balcony/Patio, Cable TV, Dryer Hookup, Range/Oven, Refrigerator, Storm Win/Doors, Utility Room, Washer Hookup
Unit 2
  • Unit 2 Bedrooms: 3
  • Unit 2 Full Baths: 1
  • Unit 2 Half Baths: 0
  • Unit 2 Occupancy: Occupied
  • Unit 2 Rent Amount: $750.00
  • Unit 2 Square Feet: 1297.0
  • Unit 2 Amenities: Balcony/Patio, Cable TV, Dryer Hookup, Range/Oven, Refrigerator, Storm Win/Doors, Utility Room, 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: Bus Route, Individual Laundry, Shopping Nearby
  • Net Oper Income: $0
  • Annual Gross Income: $19,740

Property History for 714 Madison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 714 Madison Street

Taxable ValueLand$14,000Additions$123,100Total$137,100
Tax Record2023$885 ($74 / month)
Home Facts
Total Finished SqFt2,594 SqFtAbove Grade Finished SqFt2,594 SqFtStories2Lot Size6,268 SqFtStyleDuplexYear Built1880ZoningR2CountyLYNCHBURG CITYAPN024 37 014

Schools near 714 Madison Street

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
Paul Munro 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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Similar Sold Homes

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714 Madison Street is a multi-family home for sale in Lynchburg, VA 24504. This property was listed for sale on January 16, 2024 by Cornerstone Realty Group Inc, it's currently listed at $210,000. It has been on the market for a total of 120 days and was last sold on November 25, 2014. This listing's school district is Lynchburg City Public Schools. Nearby schools include Paul Munro Elementary School, Linkhorne Middle School and E.C. Glass High School. 714 Madison Street is a 6-bed, 2-bath, 2,594 sqft multi-family home built in 1880.

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 Cornerstone Realty Group Inc, Schyler Higgins

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.