5508 Grove AVE, Richmond, VA 23226
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5508 Grove AVE, Richmond, VA 23226
5508 Grove AVE, Richmond, VA 23226
5508 Grove AVE, Richmond, VA 23226
5508 Grove AVE, Richmond, VA 23226
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$ 1,195,000
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5508 Grove AVE Richmond, VA 23226

2,292 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,292 sqft

Price per Sqft $521

Subdivision Glenburnie

MLS Listing ID 2616583

Style Colonial,Two Story

Construction Status Actual

HOA Y/N No

Year Built 1938

Annual Tax Amount $9,264

Tax Year 2025

Lot Size 6,364 Sqft

Acres 0.1461

Property Sub-Type Duplex

Property Description

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 baths, 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 baths, 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!

Location

State VA

County Richmond City

Community Glenburnie

Area 20 - Richmond

Rooms

Basement Unfinished

Interior

Interior Features Eat-in Kitchen, Fireplace, Granite Counters, Bath in Primary Bedroom, Main Level Primary, Walk-In Closet(s)

Fireplace Yes

Exterior

Exterior Feature Sprinkler/Irrigation

Fence Back Yard, Fenced, Privacy

Roof Type Slate

Porch Balcony, Front Porch, Side Porch

Garage No

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Colonial, Two Story

Level or Stories Two

Structure Type Brick

Construction Status Actual

Schools

Elementary Schools Munford

Middle Schools Albert Hill

High Schools Thomas Jefferson

Others

Tax ID W020-0159-020

Ownership Individuals


Central Virginia Regional MLS (CVR MLS)
Listed by Long & Foster REALTORS

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5508 Grove AVE

Tammy Johnson

Tammy Johnson

Associate Broker, REALTOR® | License ID: 0225178981

+1(804) 241-0700

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