Property Description

Listed for below Appraisal. Turnkey, income-producing, professionally managed, townhome-style duplex in Hopewell. Offering immediate cash flow with solid income, recent upgrades, and low maintenance needs. This well-maintained property features two units, each approximately 900 square feet with 2 bedrooms and 1.5 bathrooms, designed across multiple levels to provide a single-family feel that supports tenant retention. Extensive updates were completed approximately 5 years ago, including a new roof, HVAC systems, full kitchen renovations in both units, new flooring, and a cosmetic interior remodel, significantly reducing capital expenses. Additional improvements include some newer windows, enhancing efficiency and overall condition. A fenced rear yard provides additional privacy. The townhome-style layout combined with these upgrades creates a highly rentable, low-maintenance asset. Paved off-street parking is available directly in front of the units (1 assigned parking space per unit), adding convenience and appeal for tenants. Consistent tenant demand over the years due to proximity to local amenities and major roadways. Tenant pays all utilities and utilities are separately metered for each unit. Additional opportunity: the adjacent duplex at 1508 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, income-producing asset.

Property Features

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