BEDS0
BATHS
SQUARE FEET2,292
MLS#2616583
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONGlenburnie
Property Description
5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovated inside & out and is a wonderful opportunity to own a high-end, income-producing investment. Live on one floor & rent out the other space, or rent both units. Total income for both units $6,500 per month. The lower unit is currently occupied until mid-January. Unit 1# (first floor): 2 bedrooms, 2.5 baths, entry fronts Seneca Road. The open-concept living room and kitchen has wood-burning fireplace, crown molding, hardwood floors. Kitchen has large island with counter seating, granite and quartz counters. Renovated full baths and an added half bath. Larger bedroom has walk-in closet, stack washer/dryer, large bathroom. 2nd bedroom has built-in Murphy bed & attached full bath. Side porch, access to fenced back yard & patio. Currently rents for $3,500 per month. Unit #2: (second floor) 2 bedrooms, 1.5 baths, entry fronts Grove, wood-burning fireplace, open-concept living/kitchen area (with fireplace). Large eat-in kitchen with center island, gas cooking, refrigerator, dishwasher, beverage refrigerator. 2 bedrooms, both equipped with built-in Murphy beds. California closets. Shared full bath between bedrooms, & half bath. New hot water heater. Stack washer/dryer. Side balcony overlooking Seneca. Typically rents for $3,000 per month. Overall property enhancements include:new rear patio, privacy fencing, new landscaping, new custom storm doors/front doors per unit, new irrigation system, insulated replacement windows, California closets, separate utility metering for each unit, off-street parking added, new brick walkways at front & side of property, dehumidifier in crawlspace, designer lighting in both units, plantation shutters added, hardwood floors refinished, interior/exterior painted. Interiors have new baths, kitchens and have been renovated fully with newer HVAC, newer half baths, hot water heaters. Very unique opportunity!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Fenced: Yes
Home Style: Colonial, Two Story
Lot Size: 0.15 Acres
Roof Type: Slate
Stories: 2.0
Taxes: $9,264
Year Built: 1938
Amenities
Eat-in Kitchen
Fireplace
Granite Counters
Bath in Primary Bedroom
Main Level Primary
Walk-In Closet(s)
Sprinkler/Irrigation
Feature Descriptions
Days on Site: 32
Exterior: Brick
Fencing: Back Yard, Fenced, Privacy
Parcel#: W020-0159-020
Parking: Off Street
Patio/Porch: Balcony, Front Porch, Side Porch
Sewer: Public Sewer
Units: 2
Water: Public
Local Schools
High School: Thomas Jefferson
Middle School: Albert Hill
Elementary School: Munford
Listed By / Shown By
Listed By
Agency Name: Long & Foster REALTORS
Agency Contact: (804) 937-6812
Shown By
Agency Title: Kane Company Realty
Agency Phone: (804) 551-1920
Estimate Your Payment
Estimated Payment
$ 3,666.82 per month $2,559.40 Principal & Interest $772.00 Property Tax $335.42 Homeowner's InsuranceChange Payment Information
Please give every dollar counts!
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Mechanicsville Office
10357 Atlee Station Road, Mechanicsville, VA 23116
5508 Grove Avenue | MLS# 2616583
This multi-family property located at 5508 Grove Avenue, Richmond, VA 23226 is currently listed for sale with an asking price of $1,150,000. Search Richmond real estate on www.kanecompanyrealty.com today.