2308 5th Ave, Richmond, Virginia 23222 - $385,000
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
Located in Richmond’s rapidly evolving North Highland Park neighborhood, 2308 5th Avenue presents a turnkey investment opportunity in a city with a strong local economy and growing job market. This duplex property features two fully leased 2-bedroom, 1-bathroom units, generating a gross monthly income of $2,025 per month in rental income (Unit A $850/Unit B $1,175). Residents enjoy modernized interiors with central air, in-unit washer/dryer, dishwashers, and updated finishes. Tenants cover all utilities, including water, trash, and electricity, ensuring low owner expenses. Off-street parking in the rear adds to the property’s appeal. Rents are below market and can easily be increased to market at the time of renewal. With North Highland Park experiencing increased investment and revitalization, this asset benefits from the area’s continued appreciation. Whether you’re a seasoned investor or looking to expand your portfolio, 2308 5th Avenue offers stable cash flow in a city primed for sustained growth.
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
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Virginia Estates uses MLS data from Charlottesville Area Association of Realtors, Richmond Association of Realtors, Chesapeake Bay & Rivers Association, and Bright MLS to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. Virginia Estates has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website. One South Commercial LLC represents the interest of the seller (804) 266-8831 2507069. What is IDX? According to IDXBroker.com, IDX (Internet Data Exchange) allows agents and brokers to access and display MLS listing information on their real estate websites. Also known as Broker Reciprocity, the term "IDX" refers to the software, rules and regulations which allow MLS data to show on your site. This data feed typically encompasses the listing data for properties entered into the MLS system, while IDX rules may determine where, what, and how it is displayed.
For buyer representation by Virginia Estates contact Deidre Carpenter 434-409-4056, deidre@virginiaestates.com.