1221 Perry St - Apartments FOR SALE


Richmond, VA 23224- Manchester
$659,000 USD
804-723-0446
1221 Perry St, Richmond, VA for Sale
$659,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

1221 Perry St
Richmond, VA 23224
Manchester


HIGHLIGHTS

  • 3,000 SF three (3) story duplex
  • Highly walkable location with quiet neighborhood setting
  • Featuring unique two (2) bed/two (2) bath & four (4) bed/two (2) bath floor plans
  • Brand new leases in place
  • High quality finishes throughout

OVERVIEW

1221 Perry Street is a fully leased, three-story duplex offering a prime investment opportunity in the heart of Manchester, one of Richmond’s most exciting and fastest-growing neighborhoods. Built in 2012 and totaling 3,000 square feet, the property has been exceptionally well maintained with durable Hardiplank siding and dimensional roofing. The building features two thoughtfully designed units: a spacious 4-bedroom, 2-bath layout and a 2-bedroom, 2-bath layout. The 4-bedroom unit is a rare offering for newer construction in the neighborhood, as most comparable duplexes are limited to 3-bedroom floorplans—providing increased rent potential and long term income stability. Both units showcase high-end finishes, including polished concrete and hardwood flooring, granite countertops, and stainless steel appliances. Each residence also offers a private outdoor living space. Just a few blocks away, tenants enjoy walkable access to Alice Fitz Playground/Park and some of Manchester’s hottest new destinations— Sassy Biscuit, Scharolina’s Cakes, and Bolo’s Eatery—as well as long-standing favorites like Croaker’s Spot and Philly Vegan. With its combination of unique floorplan, premium finishes, proven rental income, and an unbeatable location, 1221 Perry Street stands out as a turn-key investment in one of the city’s premier growth corridors.

FOR SALE DETAILS

PRICE

$659,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

2

PRICE/UNIT

$329,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Manchester Park II

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2012

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,507 SF

ZONING

R-8

APN/PARCEL ID

S000-0088-020

ASK ABOUT THIS PROPERTY

Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

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

Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

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