$350,000
$349,950
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618 S Laurel ST Richmond, VA 23220
2,102 SqFt
Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,102 sqft
Price per Sqft $166
MLS Listing ID 2503555
Sold Date 02/28/25
Style Row House,Two Story
Construction Status Approximate
HOA Y/N No
Year Built 1914
Annual Tax Amount $5,520
Tax Year 2024
Lot Size 3,497 Sqft
Acres 0.0803
Property Sub-Type Duplex
Property Description
Oregon Hill duplex with plenty of upside for someone willing to take on a construction project. The property currently generates $3,600 / month. Both leases good through June of 2025. Current rents are below market and could be raised after renovations. Tenants pay all utilities on separately metered units. Owner has received city approval to build an Accessory Dwelling Unit (ADU). The ADU would be a studio apartment built over a detached garage off the rear alley. Owner believes ADU and garage could generate an additional $1,500/month in rent. The ADU permitting and architectural drawings will convey with the sale. Proximity to VCU / MCV and downtown Richmond create exceptional demand and limited turnover with occasional vacancies quickly filled. This pedestrian friendly neighborhood offers quick access to the main campus of VCU and the James River Park system. This property is being sold "As-Is" no exceptions.
Location
State VA
County Richmond City
Area 10 - Richmond
Direction From Cary Street or Idlewood Ave , take Laurel Street heading South into Oregon Hill.
Rooms
Basement Full, Unfinished, Walk-Out Access
Interior
Appliance Gas Water Heater, Water Heater
Exterior
Fence None
Roof Type Flat,Metal
Porch Front Porch
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Row House, Two Story
Level or Stories Two
Structure Type Drywall,Frame,Plaster,Vinyl Siding,Wood Siding
Construction Status Approximate
Schools
Elementary Schools Fox
Middle Schools Dogwood
High Schools Thomas Jefferson
Others
Tax ID W000-0165-019
Ownership Corporate
Financing Cash
Special Listing Condition Corporate Listing
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Bought with Shaheen Ruth Martin & Fonville
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