Description
Through no fault of the seller, property available again, pending the release of a previous contract. This amazing opportunity for a buy low, long hold, investment property - has 4, two bedroom units, for only $120,000 each! Only a 5 minute bike ride across the bridge to MCV/VCU, or 5 minutes the other direction to The Bottom and Downtown! This area is full of change, please see slated change in 3 years by checking out this website https://www.rrha.com/revitalize-rva/transformation/ So much potential, most 2 bedroom apartments in the area run $1100-$1400, and these are good sized bedrooms! One of the units, was just updated in Dec 2021! Everything else in the building was new 8yrs ago. New flooring, bath, paint, and stainless steel appliances, in unit A. Rubber roof only 8 years old, systems and cosmetics 8 years old, newer water heaters, 4 new mini split units (ask agent for details), ceiling fans and newer base board heating. Owner pays water, sewer and trash @ $240/mo. (meter can easily be split via city application) and insurance @ $158/mo. Check out the virtual tour - password 925 - https://vimeo.com/699574163 Priced to move, part of a 1031 TE, needs to sell fast!
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
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2,668SQFT
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$180$/SQFT
School Information
Description
Through no fault of the seller, property available again, pending the release of a previous contract. This amazing opportunity for a buy low, long hold, investment property - has 4, two bedroom units, for only $120,000 each! Only a 5 minute bike ride across the bridge to MCV/VCU, or 5 minutes the other direction to The Bottom and Downtown! This area is full of change, please see slated change in 3 years by checking out this website https://www.rrha.com/revitalize-rva/transformation/ So much potential, most 2 bedroom apartments in the area run $1100-$1400, and these are good sized bedrooms! One of the units, was just updated in Dec 2021! Everything else in the building was new 8yrs ago. New flooring, bath, paint, and stainless steel appliances, in unit A. Rubber roof only 8 years old, systems and cosmetics 8 years old, newer water heaters, 4 new mini split units (ask agent for details), ceiling fans and newer base board heating. Owner pays water, sewer and trash @ $240/mo. (meter can easily be split via city application) and insurance @ $158/mo. Check out the virtual tour - password 925 - https://vimeo.com/699574163 Priced to move, part of a 1031 TE, needs to sell fast!
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Listing provided by Clocktower Realty Group: (804) 505-4274. Listing information © 2022 CVRMLS and CBRAR.