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2228 Tulip St, Lynchburg, VA, 24504

4beds
2baths
1,680sqft
$174,900
$104price/sqft
$1,352/moest. monthly cost
$54,080/yrincome needed

About This Home

Fully occupied and cash-flowing from day one, this Lynchburg duplex generates a strong $1,700/month ($900 Unit A, $800 Unit B). Unit A is beautifully maintained, while Unit B, located on the second floor for added privacyhas been extensively updated with new kitchen countertops, cabinets, appliances, LVP flooring, fresh paint, a new toilet, and vanity. Separate electric meters for each unit support efficient management, with a single water meter. The property also features brand-new exterior paint, enhancing curb appeal. With stable in-place income and recent improvements, this is a low-maintenance, income-producing asset that's hard to pass up.

Getting Around

20
WalkingCar-Dependent
29
TransitSome Transit
3
BikeSomewhat Bikeable

Schools

3/10
Sandusky Middle SchoolGrades 6-84.1 mi
2/10
Heritage High SchoolGrades 9-124.9 mi

Construction

Condition

  • Year built: 1917

Materials

  • Construction materials: Drywall,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Electric Water Heater,Unit 1(Dishwasher,Dryer,Range/Oven,Refrigerator,Washer),Unit 2(Dishwasher,Disposal,Dryer,Range/Oven,Refrigerator,Washer)
  • Laundry features: Unit 1(Dryer Hookup,Washer Hookup),Unit 2(Dryer Hookup,Washer Hookup)

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Carpet,Vinyl,Wood Floors,Unit 1 Carpet
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Heat Pump,Wall/Space Unit
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,680
  • Total interior livable area: 1,680 sqft

Property

Details

  • Parcel number: 04707025

Lot

  • Lot size: 5,388 sqft

Parking

  • Parking features: Off Street,On Street
  • Has uncovered spaces: Yes