19-21 North Stafford presents an opportunity to acquire a stabilized multifamily asset in Richmond’s Fan District, one of the city’s most established urban neighborhoods. The property consists of twelve residential units configured as two-bedroom, one-bathroom apartments and has undergone renovations completed in 2020. Unit upgrades include modern finishes and in-unit washers and dryers, features that support resident convenience and tenant retention. The asset is supported by a reported trailing twelve-month net operating income of $168,056. In addition to the existing apartment improvements, the property includes on-site parking and a parcel configuration that offers future development potential. According to the marketing materials, the site may accommodate a duplex by right or up to six units through a Special Use Permit process, providing an opportunity for additional residential density subject to applicable approvals.