618 S Laurel Street, Richmond, VA 23220
- Sqft
- 2,102
View property features, location on map, relevant school information and overview from seller's agent.
- 4
- 0
Overview
Oregon Hill duplex with plenty of upside for someone willing to take on a construction project. The property currently generates $3,600 / month. Both leases good through June of 2025. Current rents are below market and could be raised after renovations. Tenants pay all utilities on separately metered units. Owner has received city approval to build an Accessory Dwelling Unit (ADU). The ADU would be a studio apartment built over a detached garage off the rear alley. Owner believes ADU and garage could generate an additional $1,500/month in rent. The ADU permitting and architectural drawings will convey with the sale. Proximity to VCU / MCV and downtown Richmond create exceptional demand and limited turnover with occasional vacancies quickly filled. This pedestrian friendly neighborhood offers quick access to the main campus of VCU and the James River Park system. This property is being sold "As-Is" no exceptions.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 2
- Square feet
- 2,102
- Lot size (acres)
- 0.08
- Year built
- 1914
Interior features
- Basement
- Yes, Unfinished
Utilities
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2024)
- $5,520
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Central Virginia Regional MLS MLS®#: 2503555 Last checked: …

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