2303 VENABLE ST RICHMOND, VA 23223

Features

• Price/sqft: $232
• Lot Size: 1397.00 sq. ft.
• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Dining Room, Kitchen, Living Room
• Stories: 200
• Roof Type: Other
• Heating: Baseboard Heating
• Construction Type: Wood
• Exterior Walls: Brick

Facts

• Year Built: 01/01/1915
• Property ID: 898171046
• MLS Number: 2417952
• Parcel Number: E-000-0427-002
• Property Type: Single Family Home
• County: RICHMOND CITY
• Listing Status: Active

Pre-Foreclosure Info

• Recording Date: 12/08/2010
• Recording Year: 2010

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.