PhilRussell
BEDS0
BATHS
SQUARE FEET3,302
MLS#2600633
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Incredible investment opportunity in the heart of The Fan, just steps from premier shopping, dining, and everyday conveniences. This renovated quadplex boasts an exceptional rental history with strong tenants already in place, making it a true turnkey asset. Over the past several years, the property has seen extensive capital improvements, including a new roof, all four HVAC systems, updated plumbing, electrical panels and wiring, fully renovated kitchens and baths, composite decking, and more. Tenants benefit from ample off-street parking and private storage in the exceptionally clean basement. The interior common corridor offers added security and features a stylish decorative fireplace with classic tile, tenant mailboxes, and a shared washer and dryer-an added convenience for residents. Unit 1A, located at the front, boasts LVP flooring, large windows that flood the space with natural light, and a fully updated kitchen featuring soft-close, dovetail cabinetry, granite countertops, and stainless steel appliances. The updated bath includes a tub/shower with a tiled surround. Unit 1B, situated in the rear with private access from the parking area, offers its own porch with composite decking. Inside, you'll find an updated kitchen with matching soft-close cabinetry and granite countertops, along with a renovated bath featuring a walk-in tiled shower. Unit 2A, upstairs at the front, features on-trend LVP flooring throughout, a fully updated kitchen consistent with the other units, and a renovated bath with a walk-in tiled shower. Unit 2B, upstairs, showcases original hardwood floors, updated kitchen and bath, and a private balcony off the living room-perfect for additional outdoor living space. Each unit also features 10' ceilings! The owner covers water, sewer, and trash, while tenants are responsible for electric, cable, and internet. With its prime location, thoughtful renovations, and proven income performance, this property represents a rare opportunity in one of Richmond's most sought-after neighborhoods.
Property Features
Property Type: Multi Unit - Multiple
Basement: Partial, Storage Space
Basement: Yes
Home Style: Two Story
Lot Size: 0.12 Acres
Roof Type: Rubber
Stories: 2.0
Taxes: $12,216
Year Built: 1910
Amenities
Bay Window
Ceiling Fan(s)
Fireplace
Granite Counters
High Ceilings
Sprinkler/Irrigation
Storage
Feature Descriptions
Appliances: Electric Water Heater, Water Heater
Days on Site: 47
Exterior: Brick
Fencing: None
Laundry: Washer Hookup, Dryer Hookup, Stacked
Lot Dimensions: 35X145
Parcel#: W000-1010-030
Parking: Off Street
Patio/Porch: Rear Porch, Front Porch
Security: Controlled Access
Sewer: Public Sewer
Units: 4
Water: Public
Local Schools
High School: John Marshall
Middle School: Dogwood
Elementary School: Fox
Listed By / Shown By
Listed By
Agency Name: Hometown Realty
Shown By
Agent Name: Phil Russell
Agent Phone: Cell: (804) 495-9914
Agency Title: Joyner Fine Properties
Estimate Your Payment
Estimated Payment
$ 8,072.29 per month $6,669.58 Principal & Interest $1,018.00 Property Tax $384.71 Homeowner's InsuranceChange Payment Information
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2204 W Grace Street | MLS# 2600633
This multi-family property located at 2204 W Grace Street , Richmond, VA 23220 is currently listed for sale with an asking price of $1,319,000. Search Richmond real estate on www.philrussellrealtor.com today.