If you are looking for a Fan duplex, look no further! This property was occupied by the owners' children and has been extremely well-maintained. Owners are in construction business, so the hard stuff has been done! Each unit is 2BR/1BA, with the open kitchen and living room at the back of the house. Central air and heat. The building is detached on both sides and gets WONDERFUL LIGHT. The original brick garage was stabilized and rebuilt in Fall 2009, and is currently used for storage. Heating unit for the upstairs apartment was replaced (2010). All appliances convey, several have been purchased since 2005. Owner pays ONLY water/sewer, tenants pay all other utilities (cable/internet/electricity). No rental history for the property since 2003, but at a conservative estimate of $1,300/unit the cap rate is 6.9%. Would make a great owner/occupant duplex or an investment for almost anyone. Property values in Richmond's Historic Fan District continue to appreciate!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
