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1411 Mechanicsville Turnpike

Richmond VA 23223

3
2
1776 sq. ft.
0.14 ac.
Single-Family
Currently for sale - view listing

Overview

Prime investment opportunity in Richmond's highly sought-after Church Hill neighborhood. The existing property has good bones and is currently clean inside but requires a full renovation. Outside junk has been taken care of as well. An investor can renovate the existing structure and position it as a flip, or pursue redevelopment of the site. FLIP OPPORTUNITY: Projected ARV: Approximately $350,000. The existing home provides an opportunity to renovate and create a high-quality finished product in a strong Richmond location. REDEVELOPMENT OPPORTUNITY for builders and developers: Lot Size: 6,011 SF, Pre-Approved Plans: Yes, Demo Permit: ready / available. This allows a developer to evaluate the site as a potential redevelopment project rather than being limited to renovating the existing structure. IDEAL BUYER. This opportunity is ideal for: Flippers looking for a renovation project with an estimated $350K ARV. Builders/Developers looking for a redevelopment site with preapproved plans already in place. Investors looking for a property with multiple potential strategies.

Features

3 bedrooms
2 bathrooms
1776 sq. ft. floor area
0.14 ac. lot size
Single-Family

Happy sellers in Richmond

90%
90% of sellers in Richmond reported that their sale price either exceeded or met their price expectations.

Richmond stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Richmond over the last 12 months.

Local market activity for 3 bedroom single-family properties in Richmond

In the last 12 months, 323 three-bedroom single-family properties similar to 1411 Mechanicsville Turnpike, have been sold.

This represents a 6% decrease in three-bedroom single-family properties sales when compared to the previous 12 months.

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(619) 566-0008
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