SoldJul 14, 2023

Listed by Justin Sledd and Thomas Rosman

Bought with Erin Williams from Long & Foster REALTORS

Source: Central Virginia Regional Multiple Listing Service #2314236

2204 W Grace St, Richmond, VA, 23220

$1,080,000

3302 sq. ft.
0.12 ac.

Duplex

6 days on the market

Sold: Jul 14, 2023

What's around 2204 W Grace St

About this property

This fully renovated quad features four 1 bedroom/1 bathroom units that have been fully renovated to the highest standards. Renovations include new kitchens, bathrooms, new parking area, custom landscaping with irrigation, new HVAC units, updated plumbing, new panel boxes and updated wiring, new roof, clean basement with private storage. Residents enjoy onsite laundry on a common hallway. The landlord is responsible for water, sewer, and trash. The residents are responsible for electric, cable, and internet. Located in the Historic Fan District, which features historic Victorian architecture, two world class museums, recreational opportunities, numerous bike lanes, and great access to all points in Metro Richmond. Tenants in these apartments are a short distance from 50 plus restaurants, three large grocery stores, and numerous coffee houses, bars, clothing & furniture stores, salons etc. Very few neighborhoods in the country can boast this number of offerings to their residents. Therefore, the demand to rent these types of units far exceeds supply, affording the buyer a very stable investment with a continuous upside as the values in the area have marched relentlessly forward.

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