PROPERTY LOCATION
137 Oak Hill Dr, Lynchburg, VA 24502
Campbell County
AUCTION LOCATION
Homewood Suites by Hilton, 4021 Wards Rd, Lynchburg, VA
Live, Online, and Phone bidding available
Excellent rental opportunity off Leesville Rd just 4 miles from Liberty University and convenient to US-460, Timberlake Rd and Wards Rd
Details
- Brick 4-plex with (4) 1-bedroom 1-bath units
- Each apartment has a fireplace, range, refrigerator, and washer/dryer hookups
- Unit A: renovated in 2019, $500/month, tenant moved in 2019, currently month-to-month
- Unit B: renovated in 2022, $500/month, tenant moved in 2022, currently month-to-month
- Unit C: renovated in 2025, $750/month, just signed one year lease
- Unit D: renovated in 2013, $500/month, tenant moved in 2013, currently month-to-month
- 3 Long term tenants (all would like to stay)
- (1) unit newly renovated and leased at $750/month
- Tenants pay water and electric
- Public water & private septic
- 2 New Heat pumps
- Roof recently replaced
- Off-street parking
- Professionally managed by Brownstone Properties
DIRECTIONS TO PROPERTY
- From Liberty University, US-460W 1.7mi to Airport Rd/Greenview Drive exit. At end of ramp, RIGHT on Airport Rd. 1/4mi to LEFT on Leesville Rd. 0.7mi to LEFT on Deer Creek. 1st LEFT on Lee Pl. RIGHT on Oak Hill to 137 Oak Hill on LEFT.
Agent on Site
- Thursday, October 9 from Noon-1PM
- Private showings by appointment. Minimum 48 hour notice
TERMS SUMMARY
5% buyer's premium. 10% deposit due at auction. Closing on or about 30 days. High Bid subject to confirmation by seller. Click on "Terms" tab for full terms and conditions.
CONTACT
Mike Torrence
Torrence, Read, & Forehand Auctions
101 Annjo Ct, Forest, VA 24551
(434) 847-7741 Office
(434) 660-5159 Mobile
mike@trfauctions.com
Micah Torrence
(434) 610-3182
micah@trfauctions.com
137 Oak Hill Dr, Lynchburg, VA 24502 (Brick 4-Plex)
Auction Site: Homewood Suites by Hilton, 4021 Wards Rd, Lynchburg, VA. Online bidding also available.
Terms: Property sells "AS-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.
Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.
Title: Seller will convey title by General Warranty Deed free and clear of all liens.
Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30AM day of sale. See listing for auction location. You may also pre-register on our website or phone app. Deadline for phone and online bidding registration is 6PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) may be required to register onsite or online.
Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).
Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.
Approval: High bid(s) subject to approval by Seller.
Buyer's Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price.
Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds so it is received within 2 business days.
Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale.
Agency: The auction company and its representatives represent the sellers.
