2603 W Grace Street, Richmond, VA 23220 (MLS # 2428193)
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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 a half bathroom, offers the potential for conversion into a third apartment, maximizing your rental income. With a convenient rear parking lot accommodating 4-5 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.
| DAYS ON MARKET | 212 | LAST UPDATED | 3/14/2025 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1958 |
| COMMUNITY | 10 - Richmond | COUNTY | Richmond City |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Fox |
|---|---|
| Jr. High School | Dogwood |
| High School | Thomas Jefferson |
| PRICE HISTORY | |
| Prior to Mar 14, '25 | $600,000 |
|---|---|
| Mar 14, '25 - Today | $585,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | 10 - Richmond |
| CONSTRUCTION | Brick, Frame, Plaster |
| EXTERIOR | Awning(s), Lighting, Storage, Tennis Court(s) |
| LOT | 4905 sq ft |
| PARKING | Alley Access, Off Street |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Other |
| SUBDIVISION | None |
| TAXES | 6168 |
| WATER | Public |
| ZONING | R-48 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with ERA Woody Hogg & Assoc
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Last Updated: 5/24/25 5:29 PM PDT
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