2308 5th AVE Active Save Request In-Person Tour Request Virtual Tour
Richmond,VA 23222
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,068 sqft
Price per Sqft $186
Subdivision Chestnut Hills
MLS Listing ID 2507069
Style Two Story
Construction Status Approximate
HOA Y/N No
Year Built 2007
Annual Tax Amount $2,868
Tax Year 2024
Lot Size 6,285 Sqft
Acres 0.1443
Property Sub-Type Duplex
Property Description
Located in Richmond's rapidly evolving North Highland Park neighborhood, 2308 5th Avenue presents a turnkey investment opportunity in a city with a strong local economy and growing job market. This duplex property features two fully leased 2-bedroom, 1-bathroom units, generating a gross monthly income of $2,025 per month in rental income (Unit A $850/Unit B $1,175). Residents enjoy modernized interiors with central air, in-unit washer/dryer, dishwashers, and updated finishes. Tenants cover all utilities, including water, trash, and electricity, ensuring low owner expenses. Off-street parking in the rear adds to the property's appeal. Rents are below market and can easily be increased to market at the time of renewal. With North Highland Park experiencing increased investment and revitalization, this asset benefits from the area's continued appreciation. Whether you're a seasoned investor or looking to expand your portfolio, 2308 5th Avenue offers stable cash flow in a city primed for sustained growth.
Location
State VA
County Richmond City
Community Chestnut Hills
Area 30 - Richmond
Rooms
Basement Crawl Space
Exterior
Roof Type Built-Up
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Structure Type Aluminum Siding,Vinyl Siding,Wood Siding
Construction Status Approximate
Schools
Elementary Schools Overby-Sheppard
Middle Schools Henderson
High Schools John Marshall
Others
Tax ID N000-0611-020
Ownership Individuals