$1,025,000

Sophisticated Duplex With Elegant Renovations And Prime Amenities

  • Updated: Today
  • MLS#2616583

About the Property

5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovated inside & out and is a wonderful opportunity to own a high-end, income-producing investment. Live on one floor & rent out the other space, or rent both units. Total income for both units $6,500 per month. The low
5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovated inside & out and is a wonderful opportunity to own a high-end, income-producing investment. Live on one floor & rent out the other space, or rent both units. Total income for both units $6,500 per month. The lower unit is currently occupied until mid-January. Unit 1 (first floor): 2 bedrooms, 2.5 bathrooms, entry fronts Seneca Road. The open-concept living room and kitchen has wood-burning fireplace, crown molding, hardwood floors. Kitchen has large island with counter seating, granite and quartz counters. Renovated full baths and an added half bath. Larger bedroom has walk-in closet, stack washer/dryer, large bathroom. 2nd bedroom has built-in Murphy bed & attached full bath. Side porch, access to fenced back yard & patio. Currently rents for $3,500 per month. Unit 2: (second floor) 2 bedrooms, 1.5 bathrooms, entry fronts Grove, wood-burning fireplace, open-concept living/kitchen area (with fireplace). Large eat-in kitchen with center island, gas cooking, refrigerator, dishwasher, beverage refrigerator. 2 bedrooms, both equipped with built-in Murphy beds. California closets. Shared full bath between bedrooms, & half bath. New hot water heater. Stack washer/dryer. Side balcony overlooking Seneca. Typically rents for $3,000 per month. Overall property enhancements include: new rear patio, privacy fencing, new landscaping, new custom storm doors/front doors per unit, new irrigation system, insulated replacement windows, California closets, separate utility metering for each unit, off-street parking added, new brick walkways at front & side of property, dehumidifier in crawlspace, designer lighting in both units, plantation shutters added, hardwood floors refinished, interior/exterior painted. Interiors have new baths, kitchens and have been renovated fully with newer HVAC, newer half baths, hot water heaters. Very unique opportunity!
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  • Property type

    Other

  • Year built

    1938

Features

Features

Lot

Indoor

  • Fireplace
  • Air Conditioning
  • Kitchen island
  • Gas Stovetop
  • Washer Dryer
  • Open Kitchen
  • Walk In Closet

Outdoor

Explore the Area

5508 Grove Ave Richmond VA 23226, Virginia, United States View on Google Maps
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Eliza Branch

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Eliza Branch
Virginia, United States
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2026
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Long & Foster Real Estate Inc.
Long & Foster Real Estate Inc.
3975 Fair Ridge Drive, 22033, Fairfax, Virginia, United States
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Long & Foster Real Estate is part of The Long & Foster Companies, a subsidiary of HomeServices of America a
Long & Foster Real Estate is part of The Long & Foster Companies, a subsidiary of HomeServices of America and the industry pioneer of the all-inclusive approach to real estate. With Long & Foster, you have access to everything and everyone you need to buy, sell, rent, invest in and own a home. Real estate. Inspection. Mortgage. Insurance. Settlement. Moving. Property Management. It’s one company and one team with one goal - your real estate success.
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Last updated
Today
First listed
September 25
Listing reference
c0a8a710-9fb0-11f1-831f-6045bdd61ac4
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