This fully detached 3-bedroom Richmond house is very convenient to downtown and is listed for just $120,900. The foreclosee paid $191,000 for this house less than two years ago (12/2/2006), and Zillow.com estimates that it is worth $257,000 --- more than two times its current listing price. Situated in one of the better real estate markets in the US, Richmond is seeing very little or no decline in value in most areas, and the local economy is good.With some basic sprucing up, this could be a great house. This house could be rented for about $1,500 per month, easily covering expenses and a generating a small positive cashflow. This house is worth a look for anyone looking to invest in the region or become an owner-occupant in an area with a strong economic outlook.
The basics...
Address: 2025 Idlewood Avenue, Richmond, VA 23220
Current Listing Price: $120,900
PREVIOUS Sale Price: $191,000 (12/5/2006)
Size: 3 Bedrooms, 1.5 Bathrooms; 1,962 square feet
Lot: .08 acres
http://www.realtor.com/realestate/richmond-va-23220-1101113389/
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