Description

Fantastic investment opportunity in the heart of Richmond’s Fan/VCU area, this property offers historic character, established rental income, and an incredible location just minutes from some of the city’s best dining, shopping, entertainment, and universities. This classic brick duplex offers approximately 2,572 square feet with two spacious units, each featuring 2 bedrooms and 1 full bath. Inside, original details including beautiful wood flooring, tall ceilings, exposed brick, fireplaces, large windows, and generously sized rooms give both units the character and charm expected in this historic neighborhood. Each unit includes its own kitchen, living spaces, laundry, and separate heating and cooling. Rear deck offers outdoor space for lower unit and steps down to private parking area with 2 generously-sized parking spaces - an especially valuable feature in this location. The lower unit has seen several recent improvements, including several updated appliances and new laminate flooring added in a bedroom (previously carpet). New roof installed in 2018. Both units are currently occupied by long-term tenants, one for approximately five years and the other for over two years (both leases in place through August 31, 2027), providing immediate rental income for the new owner. Ideally situated near VCU, with close proximity to Carytown, Maymont, and the Museum District, this is a great opportunity to purchase an established income-producing property in one of Richmond’s most desirable and consistently sought-after rental locations.