Welcome to 1519 & 1521 Jefferson Davis Hwy, Richmond VA 23224.This amazing 11 Bedroom Room 10 Bath Adult Living / Boarding House is a CASH Register!This Building comes with an extra larger adjacent lot that is ready for a building just like this one.Occupancy is 25Monthly Expenses:Utilities $2,000Employees $5,500 for two full time and one part timeFood $1,250 for 3 meals a day and 1 snackIncome $1,500 a month per head for a resident occupancy of 18 to 20.BASEMENT is finished but not utilized as occupied space. Basement has Rec room, kitchen, laundry room,storage room, pantry, two baths and a staff office.CASH Flow potential is $18,250 per month.Commercial Market Value is $850,000Building Market Value is $265,000Total Tax Assessed Value is $362,000 for both Parcels. Repairs / Upgrades needed are $44,254Currently Priced to sell at $179,900 which is $182,100 below assessment, $670,100 below Commercial Market Value and $85,100 below Building & Lots Market Value.
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