2303 Venable Street Richmond, VA 23223
This property is eligible for conventional financing with an attractive 3% interest rate and requires a credit score as low as 620. Step into a piece of history revitalized for modern living with this meticulously renovated historic home, transformed into a thriving PadSplit residence in 2022. Nestled in a prime location along a busline with friendly neighbors and close proximity to parks and grocery stores, this property combines timeless charm with practicality. Boasting 6 bedrooms of varying sizes, each equipped with smart locks for secure and convenient access, it currently generates a robust net monthly income exceeding $3, 000. Two full bathrooms, built with durable roofing materials, cater to communal living needs, complemented by a communal outdoor patio. Updated with a new roof in 2015 and essential HVAC, electrical, and plumbing upgrades in 2015/2016, the property ensures minimal maintenance and longevity. Originally intended for student rentals, it has achieved remarkable occupancy rates with only 6 turnovers in its inaugural year, offering stability with tenants able to give one week's notice to vacate. Beyond its current use as a PadSplit, the property offers flexibility as it can also function as a traditional single-family residence, with the PadSplit lease terminable upon one month's notice. Detailed financials and lease agreements are available upon request, making this an ideal investment opportunity or comfortable residence with income potential in a sought-after locale.
- Property TypeSingle Family Home
- NeighborhoodN/A
- CountyRichmond City
- Taxes$2,676
- HOA/Condo/Coop Fees$0
- Days on Site36 Days
- MLS StatusActive
- MLS ID Number2417952
- Home Size Source Assessor
- Year Built1910
- Lot Size0.032 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Row House
- Construction BrickWood Siding
- Parking No GarageOn Street
- Sewer Public Sewer
- Basement Other
- Number of Stories 222
- Acreage 0.032
- Water Public
- Zoning R-63
- Property Sub Type Single Family Residence
Interior Features
- Cooling None
- Heating BaseboardElectric
- Flooring Wood
Exterior Features
- Roof MetalRubber
- Pool Features None
- Waterfront Property No
- Patio And Porch Front Porch
Community Features
- MLS Area 10 - Richmond