3427 W Franklin Street, Richmond, VA 23221 (MLS # 2624045)

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PRICE $624,950 BEDS 0 BATHS 0 HOME SIZE 1,810 sqft LOT SIZE 8,399 sqft Request More Info Schedule a Showing

Looking for a great investment or a potential future owner-occupant situation? This duplex is set in a great Museum District location. 3427 W. Franklin Street sits along one of Richmond's established residential corridors just a block off the beloved Gas Light block in the Museum District. This classic brick duplex offers two separately rented apartments with identical floor plans and a strong combination of character, practical improvements, and an excellent location. The property sits on a large lot with potential for off-street parking and/or space for a garage, and because it was purpose-built as a duplex, the layout is exceptionally functional. All utilities are separately metered for each unit, a real plus for investors and owner-occupants alike. Each apartment offers two bedrooms and one full bath with hardwood floors, well-proportioned rooms, abundant natural light, and an in-unit stackable washer and dryer. The kitchens feature traditional wood cabinetry, a gas range, refrigerator, and updated flooring, while the baths include a newer vanity, tiled tub surround, and updated flooring. Additional improvements include electrical and lighting updates and refinished hardwood floors throughout. Both apartments are currently rented, providing existing rental income from the outset. Property improvements completed over time include vinyl replacement windows, a dimensional roof, deck improvements and updated deck flooring, a newer shed roof, and additional mechanical and interior updates. With its brick construction, hardwood floors, two identical and independent residences, separate utilities, and desirable West Franklin Street setting just steps from the Gas Light block, this is a well-positioned opportunity to acquire an established income-producing property in one of Richmond's most sought-after residential areas.