1014 Lafayette Ave Property Description
The main house is a 2/1 but there is a detached mother-in-law suite out back that is a 1/1 with separate electric meter. The main house has been completely renovated with new electric, kitchen, stainless appliances, plumbing, bathroom, roof, windows, etc. The in-law suite needs a full gut rehab but because it is only 200 sqft or so I have multiple quotes under 15K to get it rent ready. Both buildings are concrete block and very sturdy. ARV for 3/1 is 150k in this area and the ARV for a 2/1 is closer to 125k. Comps, pics and video included in the listing site. Main house can be rented for about 950/mo and in-law can be rented for about 550/mo. This would be a good fix and flip but would definitely make a GREAT buy and hold!
1014 Lafayette Ave Property Details
Property type: SFR
Bedrooms: 3
Bathrooms: 2
Square Feet: 1100
Lot Size: 5662
Year Built: 1947
Need repair: yes
Off MLS: yes
Tax Value: $98,400
Estimated Cost of Repairs: $15,000
ARV: $149,000
APN: 41000416008
Other Exterior Features: Mother In Law Suite, New playground 2 doors down
1014 Lafayette Ave Location
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Nearby Schools
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School Name
Grades
Distance
Minnieland Academy @ Colonial Heights
400 E Westover Avenue, Colonial Heights, VA 23834
PK
0.0 mi
Living Word Chrisitan Ed Dc
1221 Boulevard, Colonial Heights, VA 23834
PK
0.3 mi
Angel Care Center
1617 Boulevard, Colonial Heights, VA 23834
PK
0.4 mi
Colonial Heights Middle School
500 Conduit Road, Colonial Heights, VA 23834
6-8
0.4 mi
Angel Child Care Center
1617 Boulevard, Colonial Heights, VA 23834
PK
0.4 mi
