1406 Spotsylvania Street, Richmond, VA 23223

$145,000
2,187
SqFt
Sold Price
$145,000
List Price
$165,000
Days on Market
6
Closing Date
May 26, 2021
MLS#
CVR-2111163
Status
CLOSED
Type
Multifamily
Style
TwoStory
Year Built
1910
County
Richmond City
Region
10 - Richmond

Property Description

If you want to do a fixer upper, this one's for you! Our recommendation is Buy, Fix, and HOLD for the years to come! But you could flip too! At this price, it's in 'as is, where is' condition and all lookers should be warned that this is in a condition you'll want to be careful touring bc this one's been vacant for years. It has 2 meters, classified as a Duplex but with R-6 zoning- you could use as single family residential as well. Resale if flipping as single family is low $300's, and closer to $400k after renovated for Duplex. Highest and best use: Buy and Hold and rent each 2br unit for $1150-1200ea. This street has newer construction homes on it and a church and the area is in bloom with it being an area getting more and more renovations and very close to the interstates, medical, top restaurants, shopping, biking trails, and particularly close to the lifestyle area of Historic Church Hill!

Additional Information

Acres
0.08
Living Area
2,187
Elementary School
Henry L. Marsh III
Middle School
Martin Luther King Jr.
High School
Armstrong
Roof
Other
Taxes
$984
Stories
2
Style
TwoStory
Construction Materials
Other, Concrete
Parking Features
Off Street, On Street
Water
Public
Sewer
Public Sewer
Taxes
$984
Buyer Agency Compensation
3.00
Buyer Agency Compensation Type
%

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Dodson Properties, LLC. Selling Office: Lifelong Realty Inc.

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All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are © 2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Real estate properties marked with the Central Virginia MLS (CVRMLS) icon are provided courtesy of the CVRMLS IDX database. The information being provided is for a consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. IDX information updated .