5508 Grove Avenue, Richmond, VA 23226
- $1,150,000
- 2,292
- SqFt
- List Price
- $1,150,000
- Price Change
- ▼ $45,000 1782964837
- Days on Market
- 39
- MLS#
- CVR-2616583
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Colonial, Two Story
- Year Built
- 1938
- County
- Richmond City
- Region
- 20 - Richmond
- Neighborhood
- Glenburnie
- Subdivision
- Glenburnie
Property Description
5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovated inside & out and is a wonderful opportunity to own a high-end, income-producing investment. Live on one floor & rent out the other space, or rent both units. Total income for both units $6,500 per month. The lower unit is currently occupied until mid-January. Unit 1# (first floor): 2 bedrooms, 2.5 baths, entry fronts Seneca Road. The open-concept living room and kitchen has wood-burning fireplace, crown molding, hardwood floors. Kitchen has large island with counter seating, granite and quartz counters. Renovated full baths and an added half bath. Larger bedroom has walk-in closet, stack washer/dryer, large bathroom. 2nd bedroom has built-in Murphy bed & attached full bath. Side porch, access to fenced back yard & patio. Currently rents for $3,500 per month. Unit #2: (second floor) 2 bedrooms, 1.5 baths, entry fronts Grove, wood-burning fireplace, open-concept living/kitchen area (with fireplace). Large eat-in kitchen with center island, gas cooking, refrigerator, dishwasher, beverage refrigerator. 2 bedrooms, both equipped with built-in Murphy beds. California closets. Shared full bath between bedrooms, & half bath. New hot water heater. Stack washer/dryer. Side balcony overlooking Seneca. Typically rents for $3,000 per month. Overall property enhancements include:new rear patio, privacy fencing, new landscaping, new custom storm doors/front doors per unit, new irrigation system, insulated replacement windows, California closets, separate utility metering for each unit, off-street parking added, new brick walkways at front & side of property, dehumidifier in crawlspace, designer lighting in both units, plantation shutters added, hardwood floors refinished, interior/exterior painted. Interiors have new baths, kitchens and have been renovated fully with newer HVAC, newer half baths, hot water heaters. Very unique opportunity!
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Additional Information
- Acres
- 0.15
- Living Area
- 2,292
- Exterior Features
- Sprinkler/Irrigation
- Elementary School
- Munford
- Middle School
- Albert Hill
- High School
- Thomas Jefferson
- Roof
- Slate
- Basement
- Unfinished
- Taxes
- $9,264
- Stories
- 2
- Style
- Colonial, Two Story
- Construction Materials
- Brick
- Interior Features
- Eat-in Kitchen, Fireplace, Granite Counters, Bath in Primary Bedroom, Main Level Primary, Walk-In Closet(s)
- Fencing
- Back Yard, Fenced, Privacy
- Patio And Porch Features
- Balcony, Front Porch, Side Porch
- Parking Features
- Off Street
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $9,264
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Listing courtesy of Long & Foster REALTORS.
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