2300 Memorial Ave, Lynchburg, VA 24501

Investor-Ready Duplex – Fully Renovated in 2024 – Strong Cash Flow & Airbnb Potential Fully renovated in 2024, this duplex at 2300 Memorial Ave offers an excellent turnkey investment opportunity with immediate income and strong upside. The property has been updated top-to-bottom, including new kitchen appliances, refinished hardwood floors, updated electrical and plumbing, fresh paint, and modernized interiors while preserving the home’s original character. The top unit is tenant-occupied at $850/month, providing reliable income from day one. The bottom unit is currently vacant and previously rented for $1,500/month, giving investors the option to place a long-term tenant or operate as a furnished rental/Airbnb for significantly higher potential returns due to its proximity to Liberty University, University of Lynchburg, downtown, and Lynchburg General Hospital. This property is professionally managed by Lynchburg Renting, making it ideal for both local and remote investors seeking a hands-off asset. Utilities are structured cleanly, and both units have separate entrances. The layout, location, and renovation quality make it attractive for students, traveling nurses, young professionals, and short-term rental guests. With all major renovations already complete and strong rental demand in the area, this duplex is a ready-made cash-flowing asset with expansion potential through Airbnb, mid-term rentals, or traditional leases. For Sale By Owner.