About This Home

This 3-bedroom, 1-bathroom single family at 2827 Montecrest Avenue in Richmond, VA is listed for $130,000 ($129 per sqft). Built in 1986, the home offers 1,008 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1986
  • 0.19 acre lot

Property Details

1 story
1 full
1986

Amenities

A/C
Listing Description

**Investor Special - Diamond in the Rough with Profit Potential!** Opportunity knocks in South Richmond! This 3-bedroom, 1-full-bath rancher offers investors, renovators, and savvy buyers an excellent opportunity to build equity and potentially realize a solid return through renovation and improvements.

Situated on a block featuring mostly renovated and updated homes, this property offers the chance to bring new life to a home in an established neighborhood where surrounding improvements help showcase the area's potential. With the right vision, renovation plan, and sweat equity, this diamond in the rough could be an excellent addition to your investment portfolio or is perfect for savvy buyers of all types.

The home was inherited and is being sold **AS-IS, WHERE-IS**, presenting an opportunity for buyers prepared to take on a renovation project. The exceptionally attractive price reflects the property's potential and creates an opportunity for those with the time, resources, and know-how to transform a property and pursue a profitable resale, a long-term investment or a wonderful new renovated personal home.

Well-priced renovation opportunities like this can be hard to find. If you've been searching for your next fix-and-flip, investment property, or sweat-equity project, this South Richmond rancher deserves a closer look. Bring your contractor, run your numbers, and envision the possibilities!

**Priced to attract attention and offering plenty of potential, this property is expected to generate significant interest.** Don't wait-contact your buyer's agent and schedule your showing as soon as possible. Opportunities like this may not last long!

Monthly Cost Estimate

$695/mo

20% down · 6.5% · 30 years

Principal$94
Interest$563
Insurance$38

Estimates only. Actual payments may vary.

Location

2827 Montecrest Avenue

Richmond, VA 23234

Scottdale

Features & Amenities

Interior Features

BedroomOnMainLevelCeilingFans

Exterior Features

UnpavedDriveway

Property Details

Construction

AluminumSiding Frame

Parking

DrivewayPaved or SurfacedOff Street

Heating

Heat Pump (Heating)Electric (Heating)

Cooling

Central AirHeat Pump

Appliances

ElectricWaterHeater

Questions & Answers

This 3-bedroom, 1-bathroom single family at 2827 Montecrest Avenue is listed at $130,000 ($129/sqft). The estimated monthly payment is $695 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1986, 0.19 acre lot. Interior Features: BedroomOnMainLevel, CeilingFans. Exterior Features: UnpavedDriveway.

This property is listed by Rick Stockel.

RS

Rick Stockel

License 0225041405

Agent at Neumann & Dunn Real Estate and Development

Listed by Neumann & Dunn Real Estate and Development · Broker phone: (804) 754-1835 · View on Broker Site · Broker website

MLS# 2628566· Source: Central Virginia Regional Multiple Listing Service· 8 days on PropertySimple

Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2827 Montecrest Avenue, Richmond, VA 23234

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