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$427,232Estimated home value

Beds
4
Baths
2.0
sq ft
2,304

3324 2nd Ave, Richmond, VA 23222

3324 2nd Ave

Richmond, VA 23222

  • Off market
Calling all investors! Don't miss out on this incredible opportunity to own a prime piece of real estate in Highland Park offering a strong rental market! This property was recently renovated in 2020 and a new electrical panel and meter in 2021. This property also boasts dual HVAC units and sensor faucets. On a corner lot with ample off street parking conveniently located near popular Richmond restaurants, shopping and entertainment. Just 10 mins from The Diamond! The savvy investor looking for great potential and positive cash flow will appreciate the rental income two times the normal Cap Rate in Richmond, VA.

Details

Property type

Single Family Residence

Est. home value

$427,232

Lot size

4,901 sq ft

Price per sq ft

$183

Year built

1915

Annual property taxes

$2,736

Price History

07/03/2024
CentralVirginia

CentralVirginia #2404577

Removed
$420,000
02/24/2024
CentralVirginia

CentralVirginia #2404577

Listed
$420,000
-4.55%
02/01/2024
CentralVirginia

CentralVirginia #2326975

Removed
$440,000

Schools & Community

Neighborhood: 

North Highland Park

Elementary school: 

Overby-Sheppard

Middle school: 

Henderson

High school: 

John Marshall

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Call Federal Credit Union

Loan start date

September 2017

Original loan amount

$79,000

Est. remaining balance

Not provided

Interest rate

3.28%

Loan type

Credit Line (Revolving), 20 year

Seller

Julian P Tholomew Jeffrey

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 07/05/2024 at 10:15 PM

Listing updated: 05/01/2024 at 12:06 PM

Listed by: Mike Boone, Boone Residential LLC Phone #: (804) 220-0815

MLS: CentralVirginia #2404577

CentralVirginia logo

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