VA > Richmond > Chestnut Hills
Richmond, VA 23222,2308 5th AVE
Richmond, VA 23222,2308 5th AVE
Richmond, VA 23222,2308 5th AVE
Richmond, VA 23222,2308 5th AVE
Richmond, VA 23222,2308 5th AVE
Richmond, VA 23222,2308 5th AVE
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Tracy Girard

Tracy Girard

+1(804) 400-0456
$ 385,000
Est. payment | /mo

2,068 SqFt

Save
$ 385,000
Est. payment | /mo
Save

2,068 SqFt

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

Central Virginia Regional MLS (CVR MLS)
Listed by One South Commercial LLC
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+1(804) 400-0456

[email protected]

1765 Greensboro Station Pl, McLean, VA, 22102, USA

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2308 5th AVE