Priced well below market to reflect the work needed, this vacant duplex is being sold as-is and presents a clear value-add opportunity for the right buyer. Both units were completely renovated in 2022, are separately metered, and offer 3 bedrooms, 2 bathrooms with ample square footage. Ideal for an investor looking to renovate, hold, and rent, or for a buyer wanting to customize the property for multigenerational living. Located in the heart of Richmond, the property sits across the street from an elementary school and is close to everyday shopping. This convenient location makes it especially appealing for longer-term tenants and families seeking a stable place to settle. A solid project with strong rental and lifestyle potential—bring your vision and turn this duplex into a long-term asset. These units have brought in past rental income upwards of $3200 per month.
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Richmond is located in Texas. Richmond, Texas has a population of 11,768. Richmond is less family-centric than the surrounding county with 17.21% of the households containing married families with children. The county average for households married with children is 44.56%.
The median household income in Richmond, Texas is $52,589. The median household income for the surrounding county is $102,590 compared to the national median of $69,021. The median age of people living in Richmond is 33.7 years.
The average high temperature in July is 93.9 degrees, with an average low temperature in January of 42.6 degrees. The average rainfall is approximately 48.9 inches per year, with 0 inches of snow per year.