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bedrooms
bedrooms
6
bathrooms
bathrooms
2
square feet
square feet
1,504
acreage
Acreage
0.032
open houses
Open Houses
-
year built
year built
1910
full baths
Full Baths
2
half baths
Half Baths
0
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 neighbors 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 only 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 residence, 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.
Location
Subdivision -
County Richmond City
Elementary School Bellevue
Middle School Martin Luther King Jr.
High School Armstrong
open houses Open houses
None scheduled.
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MLS number: 2417952
Listing agent: Eric Walker #0225222802
Listing broker: Exp Realty (804) 335-6767
Copyright © 2024 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Tuesday, November 19 2024 at 7:48 p.m. EST
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