3324 2nd Ave, Richmond, VA 23222

$420,000 Asking Price

4 beds
2 baths
2,304  sqft
Built in 1915

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.


Features & Amenities

Interior

General:
Bedroom on Main Level,Ceiling Fan(s),Recessed Lighting,Cable TV
Appliances:
Electric Water Heater
Flooring:
Vinyl,Wood
A/C:
true, Zoned
Heating:
true, Electric,Forced Air
Fireplace:
Decorative, Fireplace

Exterior

Style:
Two Story
Pool:
None

Construction

Roofing:
Composition
General:
Frame,Vinyl Siding,Wood Siding, 2

Location

Originating MLS:
CVR
County:
Richmond City

Lot

Zoning:
HIGHLAND PARK L14 B25 0035.00X0140.00 0000.112 AC, N000-1071-001
Fencing:
Fenced,Full

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
CVR
Ownership:
Individuals, Sole Proprietor
Buyers Agent Compensation:
2.50

This listing courtesy of:
Boone Residential LLC, Mike Boone

About Richmond, VA

Housing

Number of Units
186,222
Median Home Value
$252,174
Median Rent
$969

49.79% of housing units are renter occupied.

7.06% are vacant.

Commute

Car
66.59%
Public Transportation
2.50%
Walk to Work
2.88%
Work from Home
26.19%
Other
0.80%

The median travel time to work is 18 minutes.

People

Population
408,517
Median Age
36.80
Median Household Size
2.42

Education

High School
23.89%
Associate’s Degree
6.62%
Bachelor’s Degree
23.31%
Graduate Degree
15.23%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Similar Homes

Message

Interested in this home?

Request more information: