1 & 3 South Vine Street - Apartments FOR SALE


Richmond, VA 23220- Uptown Richmond
$815,000 USD
804-266-8831
1 & 3 South Vine Street, Richmond, VA for Sale
$815,000 USD
Apartments - FOR SALE
1/30

1 & 3 South Vine Street
Richmond, VA 23220
Uptown Richmond


HIGHLIGHTS

  • Four (4) units - two (2) parcels
  • 2 BD / 1 BA layouts
  • Off street parking
  • Value add potential
  • Sold as-is

OVERVIEW

1 and 3 S Vine Street, two side by side duplexes located in the heart of Richmond's Fan Neighborhood just blocks away from VCU and many neighborhood restaurants and shops. The units consist of 2 bedrooms and 1 bathroom with open concept kitchen and living spaces. Additionally, tenants can enjoy off-street parking and outdoor balcony space. Currently, two units are occupied with the other two ready for value-add improvements that will allow the next owner to maximize the location and obtain top market rents between $1700-$1750 per month per unit. Do not miss the opportunity to redefine this quadplex property in one of Richmond's most prime historic neighborhoods. Property is sold AS-IS.

FOR SALE DETAILS

PRICE

$815,000 USD

# OF UNITS

4

PRICE/UNIT

$203,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add Quadplex

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

B-7

APN/PARCEL ID

W000-0658-043,W000-0658-045

ASK ABOUT THIS PROPERTY

Isaac WeintzOne South CommercialMore Info
804-266-8831

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Isaac WeintzOne South CommercialMore Info
804-266-8831

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.