317 S Granby Street, Richmond, VA 23220

$499,950
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BEDS0 BATHS SQUARE FEET2,170 MLS#2606586
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Turnkey investment opportunity featuring a well-maintained duplex with two income-producing units, ideal for both seasoned investors and those looking to expand their portfolio! Each unit offers 2 bedrooms and 1 full bath, with strong rental history and upside potential based on current market comparables. Unit A offers approximately 800 sq ft and is currently leased at $1,270/month plus $80 pet rent ($1,415 total), with a lease term through 05/31/2026. This unit includes a full-size washer and dryer, electric stove, refrigerator, and street parking. Estimated market rent ranges from $1,700-$1,750, presenting an excellent value-add opportunity. Unit B features a more spacious layout at approximately 1,085 sq ft and is leased at $1,335/month through 06/07/2027. Similar to Unit A, this unit includes a full-size washer and dryer, electric stove, refrigerator, and street parking. Market rent is also projected at $1,700-$1,750. Both tenants pay all utilities, minimizing owner expenses. Interior highlights across the property include hardwood flooring, ceramic tile, stainless steel appliances, ceiling fans, and built-in bookshelves, creating a desirable living space for tenants. Exterior features include a charming front porch and fenced rear yard, adding to tenant appeal. With stable leases already in place and room to increase rents over time, this property offers a strong combination of immediate cash flow and long-term appreciation potential. Renewal status to be confirmed, providing flexibility for future planning. Don't miss this opportunity to own a solid, income-generating property with built-in upside!

317 S Granby Street | MLS# 2606586

This multi-family property located at 317 S Granby Street, Richmond, VA 23220 is currently listed for sale with an asking price of $499,950. Search Richmond real estate on www.kanecompanyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Home Style: Two Story
Lot Size: 0.07 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $4,776
Year Built: 1925

Feature Descriptions

Appliances: Electric Water Heater
Days on Site: 11
Exterior: Brick
Fencing: None
Parcel#: W000-0806-057
Sewer: Public Sewer
Units: 2
Water: Public

Local Schools

High School: Thomas Jefferson
Middle School: Albert Hill
Elementary School: Lois-Harrison Jones

Listed By / Shown By

Listed By

Agency Name: Boone Residential LLC

Shown By

Agency Title: Kane Company Realty
Agency Phone: (804) 551-1920

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Estimated Payment

$ 1,656.49 per month $1,112.67 Principal & Interest $398.00 Property Tax $145.82 Homeowner's Insurance

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