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Featured Properties
$89,900
Richmond, VA
$385,000
Richmond, CA
813 Lincoln Ave, Richmond VA 23222 - Map

Features

Beds: 3
Baths: 1
Size: 912 sq.ft.
Balcony: No
Parking: No
Pets: No
Rentable: No
Web address for this listing: http://affordableproperties.com/5486

Rent Now For Instant Cash Flow or Retail For Profit 813 Lincoln Avenue, Richmond, VA 23222 Only $89,900! This 3-bedroom, 1-bath house is situated on a large double lot and has been cared for by an owner-occupant for years.The house is 912 Sq Ft. It features original hardwood floors throughout. It has freshly painted aluminum siding and an updated electric panel.The heating source is oil heat with an above ground tank. Very little repairs are needed to rent. To retail the house could use HVAC, interior paint, resurface hardwood floors, replacement windows, roof on garage, and minor cosmetics. There is a handicap accessible ramp on the front porch which may make it more valuable to the right buyer. This is a great deal whether you rent now for cash-flow, or do minimal repairs and retail for profit. Approximate Repairs $1,000 or Less to Rent or $13,000 to Retail Should Rent For $800 per month After Repaired Value $137,500 None of the comps below have a garage. The nice solid garage and large lot included with this house definitely increase its value. Comps 808 Rex Avenue- 901 Sq Ft $131,500 on 07/12/07 (No Garage) (Smaller Lot) 801 Rex Avenue- 1008 Sq Ft $128,000 on 07/10/07 (No Garage) (Smaller Lot) 714 Akron Street- 912 Sq Ft $123,000 on 02/02/07 (No Garage) (Smaller Lot) Take advantage of this great deal now! For More Information Contact Eric Gillespie at (804) 270-9895 or email him at creoptions@comcast.net To See More Pictures Go To www.Number1Houses.com

Expenses

Asking price: $89,900
Maintenance: $0
Yearly taxes: $1,119

Monthly Payments (Aprox)

Financing: Total
80%: $458
85%: $486
90%: $514

* 30yr fixed at 6.4% w/ maint. & tax included. change terms