2304 5th Ave - Apartments FOR SALE


Richmond, VA 23222- Highland Park Southern Tip
$375,000 USD
804-307-4060
2304 5th Ave, Richmond, VA for Sale
$375,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate


HIGHLIGHTS

  • Fully leased
  • Turnkey investment opportunity
  • 2 BD/1 BA
  • Off street parking in rear
  • Tenant covers all utilities

OVERVIEW

Located in Richmond’s rapidly evolving North Highland Park neighborhood, 2304 5th Avenue presents a turnkey investment opportunity in a city with a strong local economy and growing job market. This duplex property features two fully leased 2-bedroom, 1-bathroom units, with a total income of $2,565 per month in rental income. Residents enjoy modernized interiors with central air, in-unit washer/dryer, dishwashers, and updated finishes. Tenants cover all utilities, including water, trash, and electricity, ensuring low owner expenses. Off-street parking in the rear adds to the property’s appeal. With North Highland Park experiencing increased investment and revitalization, this asset benefits from the area's continued appreciation. Whether you're a seasoned investor or looking to expand your portfolio, 2304 5th Avenue offers stable cash flow in a city primed for sustained growth.

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

2

PRICE/UNIT

$187,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased Duplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-6

APN/PARCEL ID

N000-0611-005

ASK ABOUT THIS PROPERTY

Justin SleddOne South CommercialMore Info
804-307-4060

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Justin SleddOne South CommercialMore Info
804-307-4060

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