Richmond, VA 23220 2603 W Grace Street
$585,000
Presented By: Bryan Boykin with ERA Woody Hogg & Assoc.
- MLS# 2428193
- 10/25/2024
- SQFT • 1,518
SQFT • 1,518Home Details
Mixed use property in the Fan! Discover an exceptional investment opportunity with this mixed-use building zoned R-48, ideally located near the bustling intersection of Boulevard and Broad St. This property features two cozy efficiency apartments, each approximately 380 sqft and currently generating monthly rental income of $1,050 and $1,100. In addition, there is a versatile business office space, formerly a dentist office, spanning around 760 sqft. This area, which consists of six rooms and a half bathroom, offers the potential for conversion into a third apartment, maximizing your rental income. With a convenient rear parking lot accommodating 4-5 vehicles, accessibility is a breeze for both tenants and clients. Don’t miss out on this prime property that combines residential and commercial potential in a sought-after location! 24 hour notice required to show.
Presented By: Bryan Boykin with ERA Woody Hogg & Assoc.
Interior Features for 2603 W Grace Street
Bathrooms
Half Baths0
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Interior AmenitiesBedroomOnMainLevel
Total Stories1
General for 2603 W Grace Street
Additional Parcels Y/NNo
AppliancesGasWaterHeater
Architectural StyleOther
Attached Garage No
Carport Y/NNo
Construction MaterialsBrick, Drywall, Frame, Plaster
CountyRichmond City
DisclosuresDisclosureOnFile
Electric On Property Y/NNo
Elementary SchoolFox
Full Baths
Garage Y/NNo
HOANo
High SchoolThomas Jefferson
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size UnitsAcres
MLS Area10 - Richmond
Middle/Junior High SchoolDogwood
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total3
Occupancy TypeTenant
OwnershipIndividuals
Ownership TypeSoleProprietor
Patio/Porch FeaturesFrontPorch
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofMetal, Shingle
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories1
Subdivision NameNone
Tax Annual Amount6168.0
Tax Assessed Value514000
Tax Year2024
Year Built1958
Year Built DetailsApproximate
Zoning DescriptionR-48
Exterior for 2603 W Grace Street
Crops Included Y/NNo
Exterior AmenitiesAwnings, Lighting, Storage, Shed
FencingNone
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1126
Lot Size Area0.1126
Open Parking Y/NNo
Parking FeaturesAlleyAccess, OffStreet
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
Fox Elementary School
High School
Thomas Jefferson High School
Middle School
Dogwood Middle School
Rachel Spencer
Associate