Forest VA. Home and Rental Business for Sale

Old Ccr

Lives in 24551 · View My Profile

Lives in 24551

$1,010,000

Forest VA. Home and Rental Business for Sale

Listing is Expired

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Why?:

Retired - Downsizing

Price:

$1,010,000 Get Prequalified Today

BR/BA:

4 BR, 2.5 BA

Location:

Lynchburg, VA

Description:

FOREST VA. HOME AND RENTAL BUSINESS FOR SALE

CALL 434-385-9502 FOR APPOINTMENT OR INFORMATION

HOME - $330,000 - HOME IS 3300 SQ FT (2200 FINISHED) WITH 5 ACRES OF LAND LOCATED AT 1072 MONOLITH LANE, FOREST VA. 24551. PROPERTY IS JUST OUTSIDE LYNCHBURG CITY.

HOME HAS 4 BEDROOMS, 2.5 BATHROOMS, LARGE FAMILY ROOM (12 FT X 24 FT WITH FIREPLACE), LIVING ROOM, KITCHEN, PANTRY, DINING ROOM AND TWO CAR ATTACHED GARAGE. FLOORING IS RED OAK IN ALL FINISHED AREAS. HOME HAS BEEN WELL MAINTAINED WITH ALL APPLIANCES REPLACED AS NEEDED.

LAND IS 5.19 WOODED ACRES THAT CAN BE USED AS HORSE FARM, RAISING KIDS OR WATCHING BIRDS, DEER AND SQUIRRELS. THE 5.19 ACRES IS MOSTLY WOODED LAND WHERE OAK TREES AND OTHER HARDWOOD TREES HAVE BEEN CULTIVATED. THE HOUSE SETS IN THE CENTER OF THE PROPERTY SO THERE IS ROOM FOR ADDITIONAL BUILDINGS AT BOTH FRONT AND REAR OF PROPERTY. THE PROPERTY HAS A 280 FOOT FRONTAGE ON COTTONTOWN ROAD.

THE PRICE FOR THE PROPERTY IS $330,000, WHICH REPRESENTS $200,000 FOR THE HOME, $20,000 FOR THE 4 CAR GARAGE AND $110,000 FOR THE 5.19 ACRES OF LAND. $200,000 FOR THE HOME IS $91 PER SQ FT FOR FINISHED PART AND $61 PER SQ FT FOR THE TOTAL HOME. THE 4 CAR DETACHED GARAGE IS USED FOR LAWN MAINTENANCE EQUIPMENT AND RENTAL BUSINESS EQUIPMENT. MOST OF THE LAWN MAINTENANCE EQUIPMENT WILL GO WITH THE PROPERTY AND MOST OF THE RENTAL EQUIPMENT WILL GO WITH THE RENAL BUSINESS.

RENTAL BUSINESS - $680,000 - BUSINESS IS 10 TOWNHOUSES RENTAL UNITS LOCATED IN LYNCHBURG, VA THAT HAVE A GROSS INCOME OF ABOUT $66,000 PER YEAR.

HOME PROPERTY INFORMATION
http://www.co.bedford.va.us/Realestate/rpcnumlookup.asp?rpc=8208300

TYPICAL TOWNHOUSE INFORMATION
http://rberental.freeservers.com/index.html

SURROUNDING SUBDIVISIONS

SERENE CREEK RUN
http://serenecreekrun.epropertysites.com/

MOUNTAIN VIEW ESTATES
http://www.therealtygrouponline.com/neighborhood_details.php?nID=37397

AUTUMN RUN
http://www.visitautumnrun.com/

HOOPER WOODS
http://www.dewittrealestateandauctions.com/listing-3208hooperwoods-1173.html

Property Type:

Homes

Sq feet:

3,300 sq. ft.

Year:

1975

Amenities:

Fireplace, Parking, View

For sale by:

By Owner

Reposted:

April 4 on Facebook