2303 Venable ST Active Save Request In-Person Tour Request Virtual Tour
Richmond,VA 23223
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,504 sqft
Price per Sqft $216
MLS Listing ID 2417952
Style Row House
Bedrooms 6
Full Baths 2
Construction Status Approximate
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,676
Tax Year 2024
Lot Size 1,393 Sqft
Acres 0.032
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.
Location
State VA
County Richmond City
Area 10 - Richmond
Direction East on Broad St., left on 25th, left on Venable.
Rooms
Basement Other
Interior
Heating Baseboard,Electric
Cooling None
Flooring Wood
Exterior
Pool None
Roof Type Metal,Rubber
Porch Front Porch
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Row House
Level or Stories Two
Structure Type Brick,Wood Siding
New Construction No
Construction Status Approximate
Schools
Elementary Schools Bellevue
Middle Schools Martin Luther King Jr.
High Schools Armstrong
Others
Tax ID E0000427002
Ownership Individuals