1908 Parkwood Ave - Apartments FOR SALE


Richmond, VA 23220- Uptown Richmond
$895,000 USD
804-307-4060
1908 Parkwood Ave, Richmond, VA for Sale
$895,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

1908 Parkwood Ave
Richmond, VA 23220
Uptown Richmond


HIGHLIGHTS

  • Built as quad - separately metered
  • Premier location - Fan District
  • Value add two (2) bedroom apartments
  • Off street parking

OVERVIEW

One South Commercial is pleased to present the exclusive listing for 1908 Parkwood Avenue, Richmond, VA. Located in the heart of Richmond’s historic Fan District, this purpose-built quadplex offers an exceptional investment opportunity in one of the city’s most desirable neighborhoods. Each of the four spacious two bedroom units features central air, updated kitchens, in-unit washer/dryer, and off-street parking — a rare amenity in the Fan. Recent capital improvements enhance both tenant satisfaction and long-term value, including: • Full roof replacement • One new HVAC unit • Repainting of exterior front façade • Replacement of rear sheathing with new vinyl siding • Replacement of exterior decking and other woodwork Interior upgrades include: • All walls in every unit repaired and freshly painted • Four bathtub resurfacings, one full tub replacement • One complete and one partial bathroom renovation • Replacement of one bathroom floor and tile • One kitchen floor replacement • One toilet replacement • Multiple appliance upgrades including ranges, refrigerators, microwaves, washer/dryer units, and ceiling fans • New smoke detectors installed in all units • One window replacement This well-maintained quadplex offers strong rental appeal with modern conveniences, historic charm, and a prime location. Whether you’re an investor seeking a turnkey multifamily asset or looking to add a solid performer to your portfolio, 1908 Parkwood Avenue is an opportunity not to be missed.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

4

PRICE/UNIT

$223,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R-7

APN/PARCEL ID

W000-0849-015

ASK ABOUT THIS PROPERTY

Justin SleddOne South CommercialMore Info
804-307-4060

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Justin SleddOne South CommercialMore Info
804-307-4060

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