722 Ratcliffe Avenue, Richmond, VA 23222

Property Description

Estate property subject to Online Auction. List price is the updated online bid amount and may not reflect the final sales price. Seller reserves the right to reject any offers. Seller is not accepting presale offers. ONLINE ESTATE AUCTION - 2 Bedroom, 1 Bath, 792 SF - Zoned R-4 - Public Sewer, Public Water - .169 AC Level Lot. Exciting Opportunity Near Richmond Raceway Complex! This compact home offers tremendous potential in a rapidly developing area. Situated close to the Richmond Raceway Complex, this property is surrounded by recent new construction and slated for future expansion. Property Details: • 2 bedrooms • 1 bathroom • Hardwood floors throughout • Hot water radiant heat • Public water and sewer Room Dimensions: • Primary Bedroom: 11' x 12' • Bedroom 2: 8' x 11' • Living Room: 15' x 11' • Dining Room: 11' x 8' This versatile property presents multiple opportunities for savvy investors: 1. Fix and Flip: With some upgrades, this home could yield an excellent return in this up-and-coming neighborhood. 2. Rental Property: Its proximity to the Raceway Complex makes it an attractive option for long-term tenants or short-term racing enthusiasts. 3. New Construction: The lot's location in an area of recent development makes it prime for a complete rebuild, allowing you to maximize the property's potential. Don't miss this chance to invest in a rapidly growing area. Whether you're looking to renovate, rent, or rebuild, this property offers the flexibility to match your investment strategy. Act now to secure your piece of this thriving neighborhood! (Note: Interested parties should conduct their own due diligence regarding zoning regulations, property conditions, and local market trends.)