Great investment opportunity!! Currently great income of $40k+/year and room to grow! Two septic fields, Public water.
Attention Investors! Discover this well-maintained brick duplex in Madison Heights, featuring 2 bedrooms and 1 full bath on both the upper and lower levels. Enjoy some upgraded replacement windows in the lower unit. Located in a quiet cul-de-sac, this property offers privacy and convenience. Just minutes from downtown Lynchburg and the heart of Madison Heights, this duplex is a fantastic investment opportunity in a prime location!
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
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Madison Heights is located in Virginia. Madison Heights, Virginia has a population of 10,790. Madison Heights is more family-centric than the surrounding county with 25.98% of the households containing married families with children. The county average for households married with children is 25.11%.
The median household income in Madison Heights, Virginia is $49,928. The median household income for the surrounding county is $60,876 compared to the national median of $69,021. The median age of people living in Madison Heights is 44.1 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 24.4 degrees. The average rainfall is approximately 42.4 inches per year, with 13.4 inches of snow per year.