$350,000 Price Analysis   ♡   Richmond, VA 23223 6 bed 2 bath 1,504 SqFt ($232/SqFt) 1,394SqFt lot. Built 1910 Listed 2024-07-12, Taxes $2,472 | Ⓧ USDA Ineligible due to location near Richmond |
Step into a piece of history revitalized for modern living with this meticulously renovated historic home
Transformed into a thriving PadSplit residence in 2022. Nestled in a prime location along a busline with friendly neghbors and close proximity to parks and grocery stores, this property combines timeless charm with practicality. Boasting 6 bedrooms of varying sizes, each equipped with smart locks for secure and convenient access, it currently generates a robust net monthly income exceeding $3, 000. Two full bathrooms, built with durable roofing materials, cater to communal living needs, complemented by a communal outdoor patio.
Updated with a new roof in 2015 and essential HVAC, electrical and plumbing upgrades in 2015/2016, the property ensures minimal maintenance and longevity. Originally intended for student rentals, it has achieved remarkable occupancy rates with 6 turnovers in its inaugural year, offering stability with tenants able to give one week's notice to vacate. Beyond its current use as a PadSplit, the property offers flexibility as it can also function as a traditional single-family re sidence, with the PadSplit lease terminable upon one month's notice. Detailed financials and lease agreements are available upon request, making this an ideal investment opportunity or comfortable residence with income potential in a sought-after locale.
Presented by Eric Walker at
Exp Realty LLC .
Property MLS #2417952 from CVRMLS
Primary Bedroom Level: Second
Bedroom 2 Level: Second
Living Room Level: First
Full Bathrooms: 2
Heating: Yes
Kitchen Level: First
Lot Size Square Feet: 1394
Calculated Total Monthly Association Fees: 0
High School: Armstrong
Middle School: Martin Luther King Jr.
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Richmond City
Directions: East on Broad St., left on 25th, left on Venable.
Tax Year: 2024
Source Property Type: Residential
Area: Church Hill
Source Neighborhood: Church Hill
Ownership Type: SoleProprietor
Parcel Number: E0000427002
Postal City: Richmond
Zoning Description: R-63
Property Subtype: SingleFamilyResidence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $147,000 + $59,000 $206,000 | $2,472 |
| 2022 | $135,000 + $39,000 $174,000 | $2,088 |
| 2021 | $132,000 + $30,000 $162,000 | $876 |
| 2020 | $126,000 + $30,000 $156,000 | $804 |
| 2019 | $112,000 + $20,000 $132,000 | $516 |
| 2018 | $108,000 + $15,000 $123,000 | $408 |
| 2017 | $98,000 + $15,000 $113,000 | $1,356 |
| 2016 | $98,000 + $15,000 $113,000 | $288 |
| 2015 | $9,000 + $15,000 $24,000 | $738 |
| 2014 | $9,000 + $15,000 $24,000 | $288 |
| 2013 | $36,000 + $15,000 $51,000 | $612 |
| 2011 | $59,000 + $11,000 $70,000 | $1,117 |
| 2010 | $59,000 + $11,000 $70,000 | $8,400 |
| 2009 | $61,400 + $11,300 $72,700 | $872 |
| 2009 | $59,000 + $11,000 $70,000 | $872 |
| 2008 | $61,400 + $11,300 $72,700 | $872 |
$350,000
CVRMLS
Sold 2013-04-01
$42,500
Public Record
Listing removed 2013-01-31
$55,000
CVRMLS
Listed 2011-05-29
$55,000
CVRMLS
Sold 2004-05-04
$80,000
Public Record
Year Built: 1910
Building Area Source: Assessor
Construction Materials: Brick, WoodSiding
Levels: Two
Living Area Source: Assessor
Property Age: 114
Property Attached: Yes
Property Condition: Resale
Roof: Metal, Rubber
Levels or Stories: 2
Building Total Stories: 2
Structure Type: Townhouse
House Style: RowHouse
Year Built Details: Approximate
Architectural Style: RowHouse
Water Source: Public
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  | |||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.