118 W 33rd St # B, Richmond, VA 23225

3 beds2 baths1,600 sqft Edit

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Zestimate®: $126,325
Rent Zestimate®: $1,022/mo
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My Notes

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This one is a MMIW (Money Maker In Waiting)! Located at: 118 W. 33rd Street, Richmond, VA 23223 (Duplex) 1 BR 1 BA Downstairs unit & 2 BR 1 BA Upstairs unit 1650 total Sf, Built in 1922. Both units are in rental ready shape, but could be updated a little with paint and carpet. The House will need a roof, but besides that it is good to go for rental. The downstairs unit is currently vacant and should rent for $500 per month after being fixed up. The Upstairs unit is currently rented section 8 at $487 mo and the tenant is on month to month. The upstairs unit should rent for $600-$650 after being fixed up. Rental repairs come in at about $12,000 to get this duplex into great rental shape. The After Repaired Value = $120,000 With total rents to be $1100 month minimum! ALSO... Subject-to potential for qualified investors  More Less 

Facts

  • Lot: 7,405 sqft
  • Multi Family
  • Built in 1922
  • Views: 1,250 all time views
  • Heating: Forced air
  • Last sold: Jun 2011 for $56,000

Features

  • Fireplace
  • Parking: Garage - Detached, 400 sqft

    Construction

    • Exterior material: Other
    • Roof type: Slate
    • Room count: 9
    • Stories: 2
    • Structure type: Bungalow
    • Unit count: 2

    Other

    • Floor size: 1,600 sqft
    • Last remodel year: 1996
    • Lot depth: 123
    • Lot width: 60
    • Parcel #: S0002016004
    • Zillow Home ID: 12538884

    Zestimate Details

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    $126,325
    -$8,170 Last 30 days
    $114K
    $138K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $1,022/mo
    -$45 Last 30 days
    $818
    $1.4K
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    Popularity on Zillow

    1,250 all-time views
    of this home (chart)

    Comparable Homes

    Homes like this sold for $92-240K.

    $80K
    $260K

    Mortgages

    Neighborhood: Reedy Creek

    Zillow predicts 23225 home values will increase 3.2% next year, compared to a 1.9% increase for Richmond as a whole. Among 23225 homes, this home is valued 18.6% less than the midpoint (median) home, and is valued 31.6% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In 23225, the number of foreclosures waiting to be sold is 16.7% less than in Richmond, and 95.2% less than the national average. This lower local number could help 23225 home values rise more quickly than other regions in Richmond.

    Learn more about forecast calculations or 23225 home values.
      read more Less 

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      Nearby Schools in Richmond

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