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2303 Venable Street, Richmond, VA 23223

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For Sale

$325,000

6 beds • 2 baths • 1,504 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $216.09
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This property is eligible for conventional financing with an attractive 3% interest rate and requires a credit score as low as 620. 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.
MLS# 2417952

Courtesy Of eXp realty

(804) 729-5188

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Cooling System
    None
  • Exterior Type
    Brick, Wood Siding
  • Floor Covering
    Wood
  • Heating System
    Baseboard
  • Lot Size
    0.03 Acres
  • Roof Type
    Metal
  • Rooms
    Dining Room, Kitchen, Living Room

Map and Directions

Directions to 2303 Venable Street, Richmond, VA 23223

Home seller CENTURY 21 Realty @ Home

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Realty @ Home

(804) 924-7225
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Copyright © 2024 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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