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$ 399,000
Est. payment /mo
New
1106 S Lombardy ST Richmond, VA 23220
1,824 SqFt
UPDATED:
01/30/2025 02:05 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,824 sqft
Price per Sqft $218
MLS Listing ID 2502294
Style Two Story
Construction Status Approximate
HOA Y/N No
Year Built 1957
Annual Tax Amount $3,816
Tax Year 2024
Lot Size 6,194 Sqft
Acres 0.1422
Property Description
Prime investment opportunity in the heart of Richmond, VA. This built-as duplex features two spacious, two-story townhome-style units, each offering a 2-bedroom, 1-bathroom floor plan with separately metered electricity and water, making it an excellent option for both investors and owner-occupants alike. Situated on an expansive lot, the property boasts a large, fenced-in backyard, providing valuable outdoor space for tenants or potential future improvements. The location is highly desirable, positioned just minutes from Virginia Commonwealth University (VCU), the historic Fan District, and Carytown, ensuring strong rental demand year-round. Residents will enjoy close access to local hotspots, including Lamplighter Coffee Roasters, Garnett's Café, and Blanchard's Coffee, as well as convenient proximity to VCU's Monroe Park Campus, grocery stores, and major retail corridors. Richmond's thriving rental market continues to see steady appreciation, with strong demographic trends driving demand for well-located housing near major employment centers. Whether you're looking to expand your investment portfolio or secure an owner-occupied property in a high-growth area, 1106 S Lombardy Street offers exceptional potential in one of Richmond's growing neighborhoods. Don't miss this unique opportunity to own a versatile, income-producing asset in a premier location!
Location
State VA
County Richmond City
Area 10 - Richmond
Exterior
Roof Type Flat
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Structure Type Brick
Construction Status Approximate
Schools
Elementary Schools Fox
Middle Schools Dogwood
High Schools Thomas Jefferson
Others
Tax ID W000-0643-014
Ownership Individuals
Listed by One South Commercial LLC