Price: $225,000
Beds: 3
Baths: 1 full, 1 half
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 0.14
Lot Size SqFt: 6,024
Year Built: 1920
Neighborhood: None
Days on Website: 14

Courtesy of Exit First Realty

Property Description

Prime investment opportunity in Richmond’s highly sought-after Church Hill neighborhood. The existing property has good bones and is currently clean inside but requires a full renovation. Outside junk has been taken care of as well. An investor can renovate the existing structure and position it as a flip, or pursue redevelopment of the site. FLIP OPPORTUNITY: Projected ARV: Approximately $350,000. The existing home provides an opportunity to renovate and create a high-quality finished product in a strong Richmond location. REDEVELOPMENT OPPORTUNITY for builders and developers: Lot Size: 6,011 SF, Pre-Approved Plans: Yes, Demo Permit: ready / available. This allows a developer to evaluate the site as a potential redevelopment project rather than being limited to renovating the existing structure. IDEAL BUYER. This opportunity is ideal for: Flippers looking for a renovation project with an estimated $350K ARV. Builders/Developers looking for a redevelopment site with preapproved plans already in place. Investors looking for a property with multiple potential strategies.

Open House

Property Details and Features

  • Bathrooms
  • Bathrooms Total Integer: 2
  • Building
  • Below Grade Finished Area: 0
  • Construction Materials: Drywall,Frame,WoodSiding
  • Living Area Source: Assessor
  • Rooms Total: 8
  • Exterior Features
  • Patio And Porch Features: FrontPorch,Stoop
  • Listing
  • Ownership Type: Corporation
  • Ownership: Corporate
  • Location
  • City Region: Brauers
  • County Or Parish: Richmond City
  • Lot
  • Parcel Number: E000-0768-025
  • Possession
  • Possession: CloseOfEscrow
  • Property
  • Property Condition: Resale
  • Property Sub Type: Single Family Residence
  • Taxes
  • Tax Annual Amount: $1,968
  • Tax Assessed Value: $174,000
  • Tax Legal Description: 0040.00X0125.00 IRG0000.000
  • Tax Year: 2025

Property Map

$225,000 – 1411 Mechanicsville Turnpike, Richmond, VA 23223

Street View

Nearby Schools

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