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1200 Liggates Rd 12 Unit Apartment Building $1,573,545 CAD ($131,129 CAD/Unit) 6.27% Cap Rate Lynchburg, VA 24502
Investment Highlights
- Beautiful Brick Multi-Family Property (2 Buildings-12 Units)!
- Many Recent Upgrades!
- Fully Occupied!
- Centrally located in Lynchburg! Close to Liberty University, restaurants, Shopping and amenities!
- Cash Flowing Property!
Executive Summary
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!
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,409
|
$14.07
|
| Taxes |
$8,125
|
$0.76
|
| Operating Expenses |
$45,270
|
$4.23
|
| Total Expenses |
$53,395
|
$4.99
|
| Net Operating Income |
$97,014
|
$9.07
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $150,409 |
| Annual Per SF | $14.07 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,125 |
| Annual Per SF | $0.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $45,270 |
| Annual Per SF | $4.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,395 |
| Annual Per SF | $4.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $97,014 |
| Annual Per SF | $9.07 |
Property Facts
| Price | $1,573,545 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $131,129 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 6.27% | Building Size | 10,692 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2023 |
| Zoning | R4 - R4 - High density residential district. | ||
| Price | $1,573,545 CAD |
| Price Per Unit | $131,129 CAD |
| Sale Type | Investment |
| Cap Rate | 6.27% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 10,692 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1962/2023 |
| Zoning | R4 - R4 - High density residential district. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Basement
- Handrails
- Instant Hot Water
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $1,163 CAD | 985 |
| 1+1 | 2 | $889.39 CAD | - |
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1200 Liggates Rd
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