Side-by-Side Duplex in Church Hill district of Richmond, VA

[Daniel Harnsberger]

Pick-up this deal in one of the top investment areas in the entire country- Church Hill in Richmond, VA.

Address: 3310 Q Street, Richmond, VA 23223

Square Footage: 3,384, (each unit is a 2/1, two stories)

Price: $60,000;  Repairs: $65,000*

Annual Financials

Rents: $800 per unit (2)**

Vacancy:  $1,344

Taxes: $744

Insurance: $840

Prop. Mgmt: $1,920

Maintenance: $960

Cap. Ex.: $1,920

Gross Income: $19,200

Total Expenses: $7,728

Net Income: $11,472

*Breakdown available upon request

**Section 8 rents for 2 BR apartments max at $904 before utilities