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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.
| DAYS ON MARKET | 15 | LAST UPDATED | 3/20/2025 |
|---|---|---|---|
| TRACT | Chestnut Hills | YEAR BUILT | 2007 |
| COMMUNITY | 30 - Richmond | COUNTY | Richmond City |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Overby-Sheppard |
|---|---|
| Jr. High School | Henderson |
| High School | John Marshall |
| ADDITIONAL DETAILS | |
| AREA | 30 - Richmond |
|---|---|
| BASEMENT | Crawl Space |
| CONSTRUCTION | Aluminum Siding, Vinyl Siding, Wood Siding |
| LOT | 6286 sq ft |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Two Story |
| SUBDIVISION | Chestnut Hills |
| TAXES | 2868 |
| WATER | Public |
| ZONING | R-6 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with One South Commercial LLC
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Last Updated: 4/4/25 10:12 AM PDT
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