2908 Ellwood Ave - Apartments FOR SALE


Richmond, VA 23221- The Museum District
$775,000 USD
804-307-4060
2908 Ellwood Ave, Richmond, VA for Sale
$775,000 USD
Apartments - FOR SALE
1/35
null | Request Cap Rate

2908 Ellwood Ave
Richmond, VA 23221
The Museum District


HIGHLIGHTS

  • Located in the heart of Carytown
  • 2 bedroom/1 bathroom apartments
  • In-unit washer/dryer
  • 2nd floor unit available July 1, 2025 for owner/occupant or tenant
  • Recent capital improvements
  • Strong occupancy history

OVERVIEW

Located in the heart of Carytown, this duplex features two well-maintained 2-bedroom, 1-bathroom apartments. Both units offer desirable amenities including in-unit washer and dryer and central air conditioning. Recent capital improvements include a roof replacement within the past six years and a new central air unit installed in the first-floor apartment within the last two years. The first-floor unit is currently leased at $1,995 per month, with an annual 5% rent escalation built into the lease. The second-floor unit is leased at $2,094 per month and will become available for an owner-occupant or new tenant on July 1, 2025. The property boasts a strong history of consistent occupancy. Residents are responsible for electricity, while the landlord covers property taxes, insurance, water and maintenance. Situated in one of Richmond’s most walkable neighborhoods, 2908 Ellwood offers unparalleled access to Carytown’s premier shopping, local restaurants, cafés, and is just blocks from the Virginia Museum of Fine Arts.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

2

PRICE/UNIT

$387,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carytown Duplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R-6

APN/PARCEL ID

W000-1283-021

ASK ABOUT THIS PROPERTY

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804-307-4060

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Justin SleddOne South CommercialMore Info
804-307-4060

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