Prime investment opportunity in Richmond's highly sought-after Church Hill neighborhood. The existing property has good bones and is currently clean inside but requires a full renovation. Outside junk has been taken care of as well. An investor can renovate the existing structure and position it as a flip, or pursue redevelopment of the site.
FLIP OPPORTUNITY: Projected ARV: Approximately $350,000. The existing home provides an opportunity to renovate and create a high-quality finished product in a strong Richmond location.
REDEVELOPMENT OPPORTUNITY for builders and developers: Lot Size: 6,011 SF, Pre-Approved Plans: Yes, Demo Permit: ready / available. This allows a developer to evaluate the site as a potential redevelopment project rather than being limited to renovating the existing structure.
IDEAL BUYER. This opportunity is ideal for: Flippers looking for a renovation project with an estimated $350K ARV. Builders/Developers looking for a redevelopment site with preapproved plans already in place. Investors looking for a property with multiple potential strategies.
Property Features
Heating Information
Forced Air
Natural Gas
Cooling Information
Central Air
Water Features
Public
School Information
School Information for 1411 Mechanicsville Turnpike, Richmond, VA 23223
Elementary School
Woodville
Middle School
Martin Luther King Jr.
High School
Armstrong
Listing Courtesy: Exit First Realty - 804-527-3948