1517 N 22nd St, Richmond, VA 23223

5 beds2 baths2,894 sqft Edit

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Sold: $155,000
Sold on 05/06/15
Zestimate®: $161,891
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My Notes

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Two Positive Cashflow Income Streams For The Price of One! This superb duplex investment opportunity offers the intelligent investor excellent positive cash flow, dual income streams, and a cap rate of over 8.5% at the asking price! Extremely well maintained, including new heating and cooling in both units (2013), all the hard work has already been done for you. PLUS with tenants already in place through to mid-2015, there s nothing to do but sit back and let the cashflow roll in! Ideally located in the Church Hill district of Richmond, close to the heart of Richmond, UVA and the hospital, and on a convenient bus route, your property is sure to always be in demand. Happy tenants mean less hassle, and your tenants will love the space to spread out in the huge rooms three bedrooms upstairs and two downstairs. The attractive low-maintenance backyard is perfect for entertaining friends in the shade of neighboring trees. But you ll need to act quickly! At this extremely attractive price the rare opportunity to secure your ideal dual-income positive cashflow investment will not last.  More Less 

Facts

  • Lot: 3,288 sqft
  • Multiple Occupancy
  • Built in 1900
  • Views: 7,360 all time views
  • Cooling: Central
  • Heating: Heat pump
  • Last sold: May 2015 for $155,000
  • Last sale price/sqft: $54

Features

  • Patio
  • View: City

    Construction

    • Exterior material: Vinyl
    • Roof type: Metal
    • Room count: 10
    • Stories: 2
    • Structure type: Bungalow
    • Unit count: 2

    Other

    • Floor size: 2,894 sqft
    • Lot depth: 125
    • Lot width: 27
    • Parcel #: E0000778022
    • Zillow Home ID: 12521520

    Zestimate Details

    Zestimate
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    $161,891
    -$1,571 Last 30 days
    $144K
    $181K
    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
    $1,197/mo
    +$6 Last 30 days
    $898
    $1.6K
    Zestimate range
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    Popularity on Zillow

    7,360 all-time views
    of this home (chart)

    Comparable Homes

    Homes like this sold for $120-320K.

    $100K
    $340K

    Mortgages

    Neighborhood

    Market guide

    Zillow predicts Fairmount home values will rise 3.2% next year, compared to a 1.9% rise for Richmond as a whole. Among Fairmount homes, this home is valued 85.7% more than the midpoint (median) home, but is valued 19.7% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Fairmount, the number of foreclosures waiting to be sold is 33.3% lower than in Richmond, and 96.2% lower than the national average. This lower local number could help Fairmount home values rise more quickly than other regions in Richmond.

    Learn more about forecast calculations or Fairmount home values.
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      Other Units in this Building (1)ZestimateBedsBathsSqft
      # B$113K21--

      Nearby Schools in Richmond

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org