Price: $325,000
Beds: 6
Baths: 2
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 0.03
Lot Size SqFt: 1,393
Year Built: 1910
Neighborhood: None
Days on Website: 162

Courtesy of EXP Realty LLC

Property Description

Step into a piece of history revitalized for modern living with this meticulously renovated historic home, transformed into a thriving PadSplit residence in 2022. Nestled in a prime location along a busline with friendly neighbors and close proximity to parks and grocery stores, this property combines timeless charm with practicality. Boasting 6 bedrooms of varying sizes, each equipped with smart locks for secure and convenient access, it currently generates a robust net monthly income exceeding $3,000. Two full bathrooms, built with durable roofing materials, cater to communal living needs, complemented by a communal outdoor patio. Updated with a new roof in 2015 and essential HVAC, electrical, and plumbing upgrades in 2015/2016, the property ensures minimal maintenance and longevity. Originally intended for student rentals, it has achieved remarkable occupancy rates with only 6 turnovers in its inaugural year, offering stability with tenants able to give one week’s notice to vacate. Beyond its current use as a PadSplit, the property offers flexibility as it can also function as a traditional single-family residence, with the PadSplit lease terminable upon one month’s notice. Detailed financials and lease agreements are available upon request, making this an ideal investment opportunity or comfortable residence with income potential in a sought-after locale.

Open House

Property Details and Features

  • Bathrooms
  • Bathrooms Total Integer: 2
  • Building
  • Construction Materials: Brick,WoodSiding
  • Living Area Source: Assessor
  • Rooms Total: 6
  • Structure Type: Townhouse
  • Exterior Features
  • Patio And Porch Features: FrontPorch
  • Listing
  • Ownership Type: SoleProprietor
  • Ownership: Individuals
  • Location
  • City Region: Church Hill
  • County Or Parish: Richmond City
  • Lot
  • Parcel Number: E0000427002
  • Parking
  • Parking Features: NoGarage,OnStreet
  • Possession
  • Possession: CloseOfEscrow
  • Property
  • Property Attached YN: t
  • Property Condition: Resale
  • Property Sub Type: Single Family Residence
  • Taxes
  • Tax Annual Amount: $2,676
  • Tax Assessed Value: $223,000
  • Tax Legal Description: 0022.00X0063.50 0000.000
  • Tax Lot: 0
  • Tax Year: 2024

Property Map

$325,000 – 2303 Venable Street, Richmond, VA 23223

Street View

Nearby Schools

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