2204 W Grace Street

Incredible investment opportunity in the heart of The Fan, just steps from premier shopping, dining, and everyday conveniences. This renovated quadplex boasts an exceptional rental history with strong tenants already in place, making it a true turnkey asset. Over the past several years, the property has seen extensive capital improvements, including a new roof, all four HVAC systems, updated plumbing, electrical panels and wiring, fully renovated kitchens and baths, composite decking, and more. Tenants benefit from ample off-street parking and private storage in the exceptionally clean basement. The interior common corridor offers added security and features a stylish decorative fireplace with classic tile, tenant mailboxes, and a shared washer and dryer—an added convenience for residents. Unit 1A, located at the front, boasts LVP flooring, large windows that flood the space with natural light, and a fully updated kitchen featuring soft-close, dovetail cabinetry, granite countertops, and stainless steel appliances. The updated bath includes a tub/shower with a tiled surround. Unit 1B, situated in the rear with private access from the parking area, offers its own porch with composite decking. Inside, you’ll find an updated kitchen with matching soft-close cabinetry and granite countertops, along with a renovated bath featuring a walk-in tiled shower. Unit 2A, upstairs at the front, features on-trend LVP flooring throughout, a fully updated kitchen consistent with the other units, and a renovated bath with a walk-in tiled shower. Unit 2B, upstairs, showcases original hardwood floors, updated kitchen and bath, and a private balcony off the living room—perfect for additional outdoor living space. Each unit also features 10’ ceilings! The owner covers water, sewer, and trash, while tenants are responsible for electric, cable, and internet. With its prime location, thoughtful renovations, and proven income performance, this property represents a rare opportunity in one of Richmond’s most sought-after neighborhoods.