REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,500,000
Est. payment | /mo
1 Acres Lot
$ 2,500,000
Est. payment | /mo
1 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2510457
Construction Status Actual
HOA Y/N No
Year Built 1967
Lot Size 1.000 Acres
Acres 1.0
Property Description
Exceptional Investment Opportunity – 26-Unit Multifamily Property! Discover the potential of this all-brick multifamily complex, featuring 26 units comprised of 18 spacious 2-bedroom, 1-bath apartments and 8 efficient 1-bath studio units. Six units have been recently renovated and are rent-ready—perfect for immediate cash flow! With newer vinyl windows and a durable brick exterior, this property offers low-maintenance ownership and long-term value. Market rents are strong, with efficiency units projected at $1,000/month and 2-bedroom units at $1,200/month, giving this property significant upside potential. Current monthly rental income stands at $14,572, leaving plenty of room to increase revenue as more units are updated and leased at market rates. Don't miss your chance to invest in a high-potential asset with solid fundamentals and room to grow. Contact us today to schedule your private tour!
Location
State VA
County Richmond City
Area 30 - Richmond
Building
Story 2
Level or Stories Two
Construction Status Actual
Others
Tax ID N000-0898-030
Ownership Investment
Listed by River City Elite Properties
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1545 Crossways Blvd STE 250, Chesapeake, VA, 23320-0201, USA