Home Details for 306 N Mulberry Street U2

In the heart of the Fan, just one block from the Virginia Museum of Fine Arts and the Virginia Museum of History & Culture, this well-positioned condominium offers immediate access to one of Richmond’s most consistently in-demand rental corridors. The residence includes two bedrooms and a well-designed floor plan suited for strong tenant appeal. The light-filled living room features a decorative (non-working) fireplace and access to a private balcony—details that enhance marketability without adding maintenance complexity. The layout supports comfortable, low-maintenance living in a neighborhood where walkability drives value. From this address, tenants can reach Carytown, VCU, and downtown Richmond within minutes, along with established dining, shopping, and major commuter routes. Proximity to cultural institutions and employment centers underpins steady rental demand and long-term appreciation potential. For Owner occupants with a strong need to be in this compelling location or investors, this presents a compelling entry point: a lower acquisition cost relative to surrounding Fan inventory while maintaining comparable rental income potential. The building’s non-warrantable status—due to a concentration of investor-owned units—limits traditional financing, which often reduces buyer competition. Specialized lending (typically 20% down) or cash purchases apply, creating an opportunity to secure a prime location. In a neighborhood where inventory is consistently absorbed, assets at this price point and location are increasingly difficult to find. This is a strategic addition to a Richmond portfolio focused on durable demand and long-term performance.

• House Interior

  • High Speed Internet
  • Wired for Data
  • Master Downstairs

• Heating Information

  • Electric
  • Heat Pump

• Cooling Information

  • Central Air

• Water Features

  • Public

• Parking

  • On Street

• Basement

  • Storage Space

• Fire Place

  • Decorative