Discover a prime investment opportunity in Lynchburg! This is a well-maintained, brick, two-story walk-up with basement. It is conveniently located at 1200 Liggates Rd and features two buildings, 12 residential units and generating positive cash flow at full occupancy. Recent upgrades: 75% of units have been renovated since 2023, to include updated flooring, paint, cabinets & counters as needed, new windows, new heat pumps, new roof; shared common areas renovated (2025); Shared Laundry in basement that is coin operated for extra income! Ample parking, and centrally located in Lynchburg! Close to Liberty University, restaurants, shopping and local amenities, it's positioned for strong returns - act now to secure this opportunity!
Multi-familyProperty Type
1962Year Built
0.53 acresLot Size
$93Price/Sq.Ft.
Listed by Callie Reyes• Mark A. Dalton & Co., Inc.
Contact: callie@nbshomesva.com 434-610-8089
Bought with Stephanie Cox• Cox Management and Consulting
The R-4 district is intended to provide for residential and other compatible uses at high densities in locations with adequate infrastructure and proximity to necessary services and employment. R-4 districts may include any type of housing, as well as public uses, institutional uses, private recreation and limited retail and service uses, when accessory to a multi-household development.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Housing-Single unit
Housing-Multiple units
Housing-Student
Infrastructure
Educational/school
Fire house
Library
Museum / gallery
Post office
Apr 20, 2011 • Final
Electrical
Replace the electrical service cable for two residential units.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking/Garage Information
Parking Features: Parking Lot, Off Street, Paved
Interior
Heating & Cooling
Has Cooling
Has Heating
Heating: Heat Pump
Interior Features
Appliances: Electric Water Heater
Flooring: Vinyl
Room Information
Laundry Features: Common Area
Unit Type 1 Information
Type: 2 Bedroom
# of Bedrooms: 2
Total Rent: $850
Unit Type 2 Information
Type: 1 Bedroom
# of Bedrooms: 1
Total Rent: $650
Exterior
Building Information
Construction Materials: Brick
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Multi-Family
Lot Information
Lot Size Units: Acres
Lot Size Acres: 0.525
Zoning: R4
Financial
Tax Information
Tax Annual Amount: $5,465
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
School District: Lynchburg
Elementary School: Sheffield Elem
Middle Or Junior School: PL Dunbar Midl
High School: E. C. Glass High
Location Information
Directions: Take Fort Ave. to Liggates Rd. 1200 Liggates Rd on the corner of Fort Ave and Liggates Rd.
Subdivision Name: Commercial Misc
Public facts
Beds: —
Baths: —
Sq. Ft.: 10,692
Stories: 3.0
Lot Size: 0.53 acres
Style: Multi-Family (5+ Unit)
Year Built: 1962
Year Renovated: —
County: Lynchburg
APN: 02909006
Home facts updated by county records on Oct 19, 2026
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Lynchburg, VA • 24502
Average low and high temperatures (°F)
43
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31
67
41
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50
76
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70
81
64
80
59
69
48
62
41
47
30
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Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 6% for direct sun exposure in Lynchburg. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.