$565,000
$599,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
2,952 SqFt
SOLD DATE : 01/15/2025
Key Details
Sold Price $565,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,952 sqft
Price per Sqft $191
MLS Listing ID 2431091
Sold Date 01/15/25
Style Two Story
Construction Status Approximate
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,268
Tax Year 2024
Lot Size 1,820 Sqft
Acres 0.0418
Property Sub-Type Quadruplex
Property Description
This investment property is primed for potential growth and profitability. Each unit features a spacious two-bedroom, one-bathroom floor plan, complemented by modern amenities such as central air and washer/dryer hookups. Updated kitchens and bathrooms enhance the appeal, while professional management and minor cosmetic upgrades could unlock higher rental income. The property also features a designated paved parking area at the rear, ensuring convenience for tenants. Situated in the thriving Church Hill neighborhood, which is experiencing a renaissance in redevelopment, this undervalued asset presents an exceptional opportunity for investors to capitalize on a growing market.
Location
State VA
County Richmond City
Area 10 - Richmond
Rooms
Basement Crawl Space
Exterior
Roof Type Flat
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Structure Type Aluminum Siding,Frame,Vinyl Siding
Construction Status Approximate
Schools
Elementary Schools Chimborazo
Middle Schools Martin Luther King Jr.
High Schools Armstrong
Others
Tax ID E000-1102-033 & E0001102030
Ownership Individuals
Financing Conventional
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Bought with One South Commercial LLC