228 W Broad St - Apartments FOR SALE


Richmond, VA 23220- Jackson Ward
$1,100,000 USD
804-432-2688
228 W Broad St, Richmond, VA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/19
null | 5.94% Cap Rate

228 W Broad St
Richmond, VA 23220
Jackson Ward


OVERVIEW

Mixed-Use asset with one suite and three apartments one levels two and three. Stabilized rent roll. Art Gallery tenant is entering over twenty four of tenancy. Room to push rents to market on apartment renewals and commercial lease has 5% increases year over year. Great location in VCU submarket. Excellent condition with recent renovation of apartment one.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

3

PRICE/UNIT

$366,667

CAP RATE

5.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

228 W. Broad Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

B-4 Central business

APN/PARCEL ID

N000-0140-029

ASK ABOUT THIS PROPERTY

Kerry RileyMarcus & MillichapMore Info
804-432-2688

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Kerry RileyMarcus & MillichapMore Info
804-432-2688

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