Richmond, VA, 23224 - For Sale By Owner

Additional features: Lot size: 8822.0, Floors: 1

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Great Flip or Rental near the VA Hospital!!

1228 Richeson Avenue
Richmond, VA 23224

Only $21,900! Only 59%% LTV!!

Approximate Repairs to rent $40,000
Approximate Repairs to Retail $47,500
Should Rent For $825 After Repaired Value $115,000

This 1192 SF cape style, 3 bedroom 2, bath house is located in a quiet neighborhood and is ready for your renovation. It is located off McGuire Drive near the VA Hospital. The home is constructed with cinder blocks and has aluminum siding. There was a tenant in the home and it has a fire just recently. Repairs needed include sheet rock, plumbing, HVAC, paint, floors, windows, siding, and other miscellaneous items. It should be priced low for a first-time homebuyer when you are ready to retail it.

Sold Comps:

1211 Richeson Avenue- 1222 Sq Ft $137,000 on 08/11/08
3010 Lawson Street- 1006 Sq Ft $90,000 on 04/20/09
1414 Sunbury Road- 1040 Sq Ft $117,000 on 06/03/09
1425 Talbert Drive- 1260 Sq Ft $113,000 on 01/05/09 

Contact Greg Today at (804) 565-9723! 

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