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USAVARichmondChestnut Hills2308 5Th Ave
View of front of house featuring a porch, a balcony, a front lawn, and crawl space | Image 1
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$359,500

2308 5 Th Ave, Richmond, VA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size 2068 sqft
Garage No
Taxes $2,868
Days Active 104
Lot Size 
Approx. Age 2007
Avg. Price Per Sqft $173
MLS® Number 2507069

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number2507069
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1443
Exterior
GarageNo
Approx. Age2007
BasementCrawl Space
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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