913 N 35th Street, Richmond, VA 23223

Property Description

913 N 35th Street is an exceptional investment opportunity nestled in the heart of Richmond’s vibrant Church Hill neighborhood. This charming duplex, originally built as a multifamily property, features two spacious apartments—one on the first floor and another on the second floor—each offering two bedrooms and one bathroom. Stepping inside, you'll find that both units boast classic hardwood floors throughout, lending warmth and character to the living spaces. Each apartment has been updated to meet modern living standards, with updated kitchens, in-unit washers and dryers and central air conditioning enhance the appeal, ensuring comfort for both tenants and potential owner-occupants. The property includes a sizable backyard and provides an opportunity to easily add off-street parking, increasing the property's functionality and value. A large storage shed offers ample space for tools, bikes, or seasonal items, making it a practical feature for residents. Currently, the upstairs unit is rented at $1,450 per month (lease expires 1/31/25), presenting immediate rental income. With the robust demand for quality rentals in Church Hill, the market rent for both units could likely reach $1,650 per month, creating a compelling value-add opportunity for investors looking to boost returns. Church Hill continues to thrive as one of Richmond’s most sought-after neighborhoods, blending historic charm with modern amenities. The area is known for its beautiful parks, a lively dining scene, and a strong sense of community. Whether you’re an investor seeking a solid income-generating property or a homeowner looking for a place to live while offsetting your mortgage with rental income, 913 N 35th Street is an ideal choice. This property is a rare find in a neighborhood that continues to see growth and revitalization. Don’t miss the chance to explore its potential. Contact us today to learn more or to schedule a private tour.