2918 3rd AvenueRichmond, VA 23222

Description

Cash-flowing Investment Property. This 4 unit is a rare opportunity to add to your portfolio. Stay in one unit and rent out the other three or rent all four units. Featuring three units with two beds and one studio apartment that could be an Air BNB or converted to a one bed. Unit 2 downstairs has been completely renovated with new flooring, vanities, appliances, and fresh paint. It's 1100 sq ft with 2 beds and 2 full baths. Being the biggest in the building could easily rent for 1,300 a month according to others in the area. Current monthly income is $2,500 per month for the other 3 units. However, the rent could easily be increased with some minor touch-ups. NEW Fence around the property and a nice-sized lot make this property a great investment. Driveway to the left of house as well as couple spots from back alley give you plenty of parking. This property has the potential to produce at least 4,000 a month in rent. Don't miss out on this incredible opportunity.