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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
3
Photos
6
beds
2
baths
1,504
sqft
Built in
1910
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.
Features & Amenities
Interior
- Basement:
- Other
- Flooring:
- Wood
- A/C:
- false, None
- Heating:
- true, Baseboard,Electric
Exterior
- Style:
- Row House
- Pool:
- None
- Parking:
- No Garage,On Street
Construction
- Roofing:
- Metal,Rubber
- General:
- Brick,Wood Siding, 2
Location
- Originating MLS:
- CVR
- County:
- Richmond City
Lot
- Zoning:
- 0022.00X0063.50 0000.000, E0000427002
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- CVR
- Ownership:
- Individuals, Sole Proprietor
This listing courtesy of:
EXP Realty LLC, Eric Walker
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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.
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