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2603 W Grace St, Richmond, VA, 23220

2beds
3baths
1,518sqft
$618,000
$407price/sqft
$3,977/moest. monthly cost
$159,080/yrincome needed

About This Home

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 2 half bathrooms, offering the potential for conversion into a third apartment or another business, maximizing your rental income. With a convenient rear parking lot accommodating 6 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.

Getting Around

89
WalkingVery Walkable
48
TransitSome Transit
83
BikeVery Bikeable

Schools

8/10
5/10
Binford Middle SchoolGrades 6-80.8 mi
4/10

Construction

Condition

  • Year built: 1958

Materials

  • Roof: Metal,Shingle
  • Construction materials: Brick,Drywall,Frame,Plaster

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Triplex,Multi Family,Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3

Features

  • Bedroom on Main Level
  • Attic: Access Only

Interior Area

  • Total interior livable area: 1,518 sqft

Property

Details

  • Parcel number: W0001169012
  • Zoning description: R-48

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Front Porch
  • Exterior features: Awning(s),Lighting,Storage,Shed
  • Fencing: None

Lot

  • Lot size: 4,904 sqft

Parking

  • Parking features: Alley Access,Off Street