2304 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 2507066
Style Two Story
Construction Status Approximate
HOA Y/N No
Year Built 2007
Annual Tax Amount $2,868
Tax Year 2024
Lot Size 6,281 Sqft
Acres 0.1442
Property Sub-Type Duplex
Property Description
Located in Richmond's rapidly evolving North Highland Park neighborhood, 2304 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, with a total income of $2,565 per month in rental income. 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. 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, 2304 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 N000-0611-005
Ownership Individuals