414 N 32nd Street, Richmond, VA 23223

Property Description

Professional Photos Coming Soon! Welcome to this exceptional coming soon duplex in historic Church Hill, where charm, smart updates, and serious income potential come together beautifully! The downstairs unit has been thoughtfully refreshed with a brand-new kitchen and brand-new bathroom, offering modern finishes while maintaining the character buyers love in this area. Both units feature gas cooking, stainless steel appliances, and the convenience of their own washer and dryer—an absolute must for tenants and short-term guests alike! Upstairs, you’ll find even more character and flexibility. Both bedrooms showcase fireplaces, and one opens to a lovely Juliette balcony—perfect for overlooking the neighborhood and parks. A private owner’s closet adds practical storage, ideal for an owner-occupant or Airbnb host. Outside, the property continues to impress with newer vinyl siding, a two-story rear deck complete with a screened porch, a patio area, garden space, and a detached shed. A designated off-street parking spot in the rear alley is the cherry on top—rare and valuable in Church Hill! From an investment standpoint, the numbers speak for themselves. The previous owner lived upstairs while renting the downstairs unit for $1,850/month for 13 years. Currently registered as an Airbnb, the property can generate approximately $40,000–$50,000 per year in short-term rental income. Whether you’re looking to rent both units, live in one and offset your mortgage with the other, or continue operating as a successful short-term rental, the flexibility here is unmatched! A desirable location within walking distance to Chimborazo and Libby Hill Park, Alewife, Grisette, and a minutes drive to Rocket's Landing breweries and downtown.