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About This Home
This 12-bedroom, 6-bathroom residential multi family at 1664 Graves Mill Road in Lynchburg, VA is listed for $899,000 ($132 per sqft). Built in 1970, the home offers 6,792 sqft of living space on a 0.70 acres lot.
Don't miss this income-producing 8-plex (16 bedrooms/ 8 baths) ideally located in a high-traffic corridor on Graves Mill Road, surrounded by established restaurants, businesses, and everyday conveniences. This prime location offers easy access to the expressway, airport, and local colleges, making it highly desirable for tenants.
Each of the eight units features 2 bedrooms and 1 full bath, offering a functional and in-demand layout. The property is shown by appointment only. Do Not go to the property, or approach tenants. A bank letter or proof of funds will need to be provided prior to making an appointment.
With a monthly income of $7,700, this property presents a solid return with room for future growth. Its strong rental history, excellent location, and consistent demand make it a great addition to any investment portfolio. A rare opportunity to own a multi-family property in a thriving commercial area with long-term upside potential.
Key Features
- Built in 1970
- 0.70 acre lot
Property Details
Monthly Cost Estimate
$4,808/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1664 Graves Mill Road
Lynchburg, VA 24502
Property Details
Heating
Cooling
Questions & Answers
This 12-bedroom, 6-bathroom residential multi family at 1664 Graves Mill Road is listed at $899,000 ($132/sqft). The estimated monthly payment is $3,896 based on 20% down at 6.5% interest.
Key features include: Built in 1970, 0.70 acre lot.
This property is listed by Jimmy L Rufus Jr. and can be reached at (866) 825-7169 or jimrufus@outlook.com.