NOT LISTED FOR SALE

1902 Franklin Ave Colonial Heights, VA 23834

4 Beds
3 Baths
3,143 Sq Ft
7,405 Sq Ft Lot

Last Sold September 29, 2023

Last sale price $250,000 $80 Per Sq Ft

8 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Front Porch

About This Home

As of September 2023

Investor opportunity: a quad with a cash flow PRICED BELOW ASSESSED VALUE. This 3,143 SF house has three 1 BR units and one 2 BR unit. Located on a corner double lot, the property includes two connected houses with comfortable setbacks in an established neighborhood. The property and all its components are offered "as is" and any inspections shall be for informational purposes only. Please see the supplements for a list of which appliances convey. The gross income listed is simply the current rents annualized and includes no late fees nor delinquencies, if any. The landlord supplies electricity and water; there is no gas. The electrical service averages about $650 per month and the water about $150. Conveniently located off of Rt. 1 near I-95, Ft. Gregg Adams, Petersburg, shopping and restaurants.

Last Agent to Sell the Property

Jennie Dotts

Long & Foster REALTORS Brokerage Phone: 804-282-7300 License #0225194725 Listed on: 08/08/2023

Long & Foster REALTORS

Last Buyer's Agent

Deb Brown

RE/MAX Commonwealth License #0225042893

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,712

Year Built

  • Built in 1972

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 3,143 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Lakeview Elementary School
  • Colonial Heights Middle School
  • Colonial Heights High School

Utilities

  • Water Heater

Listing and Financial Details

  • Exclusions: See Supplement
  • Tax Lot 11,12
  • Assessor Parcel Number 2100-01-0F-012

Community Details

Overview

  • 4 Units
  • A B Cook Farm Subdivision

Building Details

  • Gross Income $35,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,712

Year Built

Built in 1972

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1972
  • Attribution Contact: 804-282-7300
  • Lot Size Acres: 0.17
  • Exclusions: See Supplement
  • Ownership: Individuals
  • Subdivision Name: A B Cook Farm
  • Architectural Style: Other, Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Approximate
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement: Partial
  • Appliances: Electric Water Heater
  • Basement YN: Yes
  • Living Area: 3143.0
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot
  • Waterfront: No
  • Construction Type: Brick, Block, Mixed
  • Patio And Porch Features: Deck, Front Porch

Garage/Parking

  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Colonial Heights

Lot Info

  • Parcel Number: 2100-01-0F-012
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 35700.0
  • Number Of Units Total: 4

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2712.0
  • Tax Lot: 11,12

MLS Schools

  • Elementary School: Lakeview
  • High School: Colonial Heights
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2023 09/29/23 Sold $250,000 +14.2% $80 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
08/08/2023 08/08/23 For Sale $219,000 -- $70 / Sq Ft
Source: Central Virginia Regional MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,944 $245,300 $48,000 $197,300
2024 $4,644 $245,300 $48,000 $197,300
2023 $2,712 $226,000 $40,000 $186,000
2022 $2,505 $226,000 $40,000 $186,000
2021 $1,356 $191,500 $36,000 $155,500
2020 $2,298 $191,500 $36,000 $155,500
2019 $2,101 $175,100 $32,500 $142,600
2018 $2,101 $175,100 $32,500 $142,600
2017 $2,027 $0 $0 $0
2016 $1,925 $168,900 $0 $0
2015 $1,026 $0 $0 $0
2014 $1,026 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2318649

Central Virginia Regional MLS

APN: 2100010F012

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