Wonderful opportunity for an income property is here! This freshly painted duplex offers great floor plans. Each unit opens up to spacious open living rooms, kitchens with tons of storage, two bedrooms, 1 full bath, and large laundry rooms. Each unit has there own fenced in backyards. This location is incredible. Directly across the street from Sankofa Community Garden. Close to Stella’s Market, Blanchard’s Coffee, Veil Brewing, Outpost Market, Little Nickel, the library, among many other local restaurants & destinations. Minutes from the James River Park System & hiking / biking trails, Maymont Park, Byrd Park & Forest Hill Park. Centrally located to Powhite & Chippenham parkways & less than 10 minutes from Downtown, Fan & West End. Don’t miss out on this fabulous opportunity!
Excellent opportunity for owner occupant or investor to own this clean Ranch Style 1-level Duplex near Jahnke Road and Forest Hill Avenue. Live in one side and rent out the other or take advantage of the $16,000+ Annual gross income. Each unit is totally separate and contains 2 Bedrooms, 1 Full Bath, living room, eat-in kitchen, walk in laundry room has storage & washer/dryer hook ups, and new updated electric panel box with separate utilities/meters. Unit A includes stove, washer, dryer and new SS refrigerator. Unit B includes stove only. Large private wooded backyard is fenced. Seller recently invested over $4500 in new landscaping, hardscapes, plantings and driveways. Tenant pays all utilities. Easy to rent and great rental history due to its convenient location. This property has only had 2 owners since it was built as it has been an excellent investment. Will consider owner financing with 25% down payment. While no known defects property being sold “As Is “.
Public Records
Jul 14, 1986
Sold
$55,800
$33/sq ft
Year
Property tax
Land + Additions
Assessment*
2022
$2,004 (+35.8%)
$37,000 + $130,000
$167,000
2019
$1,476 (+24.2%)
$25,000 + $98,000
$123,000
2018
$1,188 (+4.2%)
$25,000 + $98,000
$123,000
2017
$1,140
$20,000 + $79,000
$99,000
2016
$1,140 (−8.7%)
$20,000 + $75,000
$95,000
2014
$1,248
$20,000 + $74,000
$94,000
2013
$1,248
$25,000 + $79,000
$104,000
Tax history for 308 Covington Rd
Year
Property tax
Land + Additions
Assessment*
2022
$2,004 (+35.8%)
$37,000 + $130,000
$167,000
2019
$1,476 (+24.2%)
$25,000 + $98,000
$123,000
2018
$1,188 (+4.2%)
$25,000 + $98,000
$123,000
2017
$1,140
$20,000 + $79,000
$99,000
2016
$1,140 (−8.7%)
$20,000 + $75,000
$95,000
2014
$1,248
$20,000 + $74,000
$94,000
2013
$1,248
$25,000 + $79,000
$104,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
2
Baths
2
Stories
1
Lot width
99 ft.
Lot depth
151 ft.
Lot size
0.34 Acres
Year renovated
1970
Sq. Ft.
1,666
Year built
1957
Style
Single Family Residential
County
Richmond City
APN
C0050937016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 21, 2023.
Dec 17, 1992 • Final
Elec prmt (residential) - repair or replace
Electrical
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking
Features: Driveway, Off Street, Unpaved
Interior
Laundry Information
Features: Washer Hookup, Dryer Hookup
Equipment
Appliances: Electric Water Heater
Interior Features
Other Features: Bedroom on Main Level, Ceiling Fan(s), Laminate Counters