$325,000
- Beds
- 6
- Baths
- 2.0
- sq ft
- 1,504
2303 Venable St, Richmond, VA 23223
2303 Venable St
Richmond, VA 23223
- 84 days on market
- Price drop $25,000↓
This property is eligible for conventional financing with an attractive 3% interest rate and requires a credit score as low as 620. 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.
Details
Property type
Single Family Residence
Lot size
1,394 sq ft
Price per sq ft
$217
Year built
1910
Annual property taxes
$2,676
Price History
09/11/2024
CentralVirginia #2417952
Price change
$325,000
-7.14%
07/12/2024
CentralVirginia #2417952
Listed
$350,000
Schools & Community
Neighborhood:
Union Hill
Elementary school:
Bellevue
Middle school:
Martin Luther King Jr.
High school:
Armstrong
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Status: Active
Tomo last checked: 10/05/2024 at 12:30 AM
Listing updated: 10/03/2024 at 3:36 PM
Listed by: Eric Walker, EXP Realty LLC Phone #: (804) 729-5188
MLS: CentralVirginia #2417952
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