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$ 2,600,000
Est. payment | /mo
13,212 SqFt
$ 2,600,000
Est. payment | /mo
13,212 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,212 sqft
Price per Sqft $196
MLS Listing ID 2608932
Style Garden Home
HOA Y/N No
Year Built 1963
Lot Size 0.600 Acres
Acres 0.6
Property Description
This property is an excellent investment opportunity with strong upside potential. Each of the units are spacious one-bedroom floor plans that have been well maintained. Recent improvements include upgraded common area finishes and kitchen and flooring updates in select units. The building also has a common laundry room for the convenience of the residents. Located on the corner of Chamberlayne Ave & Laburnum Ave, this property offers excellent street visibility and easy access for residents to the building parking lot. The surrounding area is filled with amenities such as supermarkets, schools, and public transportations, making it an attractive location for residents. The current rents present a great opportunity for investors to increase income potential of the property. With some continued upgrades and improvements, the property has the potential to attract higher paying tenants and generate significant returns. Overall, this is a fantastic investment opportunity for a commercial real estate investor. The combination of upside and a prime location make this property a smart choice for anyone looking to add a valuable asset to their portfolio.
Location
State VA
County Richmond City
Area 30 - Richmond
Interior
Cooling Central Air
Exterior
Roof Type Flat
Topography Level
Building
Lot Description Level
Building Description Brick, Multi-Tenant,No Elevators
Story 2
Sewer Public Sewer
Water Public
Architectural Style Garden Home
Level or Stories Two
Structure Type Brick
Others
Tax ID N000-1749-001
Ownership Investment
Listed by One South Commercial LLC
Nearby Locations
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Michael Grider
Agent | License ID: 0225209440