Property Description

Listed for below Appraisal. Investors, add this turnkey, professionally managed, income-producing duplex in Hopewell to your 2026 portfolio. Immediate cash flow and solid income, recent upgrades, and low maintenance needs. This fully occupied property features two townhome-style units, each approximately 900 square feet with 2 bedrooms and 1.5 bathrooms, designed across two levels for enhanced tenant appeal and retention. Major capital improvements have already been completed, including a roof replaced approximately 5 years ago and HVAC systems updated within the last 5 years, reducing near-term maintenance costs. Interior updates include a kitchen renovation in Unit B completed 1 year ago and an updated kitchen in Unit A approximately 5 years ago, providing a balance of modern finishes and long-term durability. The exterior offers a low-maintenance combination of brick and siding. Off-street parking adds convenience for tenants, supporting consistent occupancy. A fenced rear yard provides additional privacy. Located in an established rental area with access to local amenities and major roadways, this property is well-positioned for steady rental demand. Additional opportunity: the adjacent duplex at 1510 Tabb Avenue is also available for sale, creating the potential for a side-by-side multifamily portfolio acquisition. Conveniently located near shopping, dining, schools, parks, and healthcare, with nearby bus routes for added accessibility. Easy access to major roadways and surrounding areas including Petersburg, Colonial Heights, and Richmond supports consistent tenant demand over the years. Ideal for investors seeking a stabilized asset with recent updates and expansion potential.

Property Features

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