1411 Mechanicsville Turnpike, Richmond, VA 23223
- $225,000
- 3
- BD
- 2
- BA
- 1,776
- SqFt
- List Price
- $225,000
- MLS#
- CVR-2624579
- Year Built
- 1920
- Stories
- 2
- Bedrooms
- 3
- Bathrooms
- 2
- Baths Half
- 1
- Living Area
- 1,776
- Acres
- 0.14
- Region
- 10 - Richmond
Property Description
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.
Additional Information
- Taxes
- $1,968
- Appliances
- Gas Water Heater
- Heating
- Forced Air, Natural Gas
- Cooling
- Central Air
- Flooring
- Wood
- Roof
- Metal
- Elementary School
- Woodville
- Middle School
- Martin Luther King Jr.
- High School
- Armstrong
Mortgage Calculator
Listing courtesy of Exit First Realty.