Property Summary
Nestled in Richmond’s historic Battery Park neighborhood you will find 14-16 Overbrook Road. This “built as” renovated duplex is a standout property in a rapidly evolving area of the city. Just blocks away from Battery Park and many local shops and restaurants this property provides residents with a real neighborhood experience.
Originally constructed as a duplex, the property features one 2 bedroom/ 1 bathroom unit below and a 3 bedroom/ 1 bathroom unit above. A commanding front porch invites residents and visitors to the spacious and amenity filled units which include: original hardwood floors, stainless steel appliances, central air, washer/dryer and off street parking.
The unique nature of this “built as” duplex provides residents with individually divided basement and garage space. Each of the units are individually metered for both water and electricity keeping ownership costs low. In 2010 new electrical and HVAC systems were installed as well as a new hot water heater for the upstairs unit installed this year.
Currently the property is rented at below market rental rates with the potential of an increase to $1650/month for the downstairs unit and $1500/month for the upstairs unit. Month-to-month leases also allow flexibility for an owner/occupant buyer.
The historic Northside of Richmond has seen a recent burst of revitalization. 14-16 Overbrook Road is a unique opportunity for an investor looking to expand their portfolio within Richmond City or enter the market with presence in a classic Richmond neighborhood.
PROPERTY DETAILS
| Units | 2 |
|---|---|
| Parcel ID | N000-0598-016 |
| Const. Materials | Brick |
| Zoning Desc. | R-6 |
| Prop. Condition | Good |
| Construction Date | 1915 |
| Co-broker Fee | Yes |