3418 Carolina Ave - Multi-Family FOR SALE


Richmond, VA 23222- North Highland Park
$475,000 USD
804-307-4060
3418 Carolina Ave, Richmond, VA for Sale
$475,000 USD
Multi-Family - FOR SALE
1/59
null | Request Cap Rate

3418 Carolina Ave
Richmond, VA 23222
North Highland Park


HIGHLIGHTS

  • Renovated 2019 & 2023
  • 100% occupied
  • Turnkey investment
  • Northside duplex

OVERVIEW

Discover a turnkey investment opportunity in Richmond’s desirable Northside. This well-maintained duplex features a two-bedroom, one-bath first-floor residence currently leased for $1,583 per month and a three-bedroom, one-bath second-floor residence leased for $1,715 per month, generating total monthly rental income of $3,298. The first-floor unit was fully renovated in 2019, while the second-floor unit underwent a comprehensive renovation in 2023. Improvements include updated HVAC systems, white shaker cabinetry, granite countertops, stainless steel appliances, updated flooring, renovated bathrooms, modern lighting, and refreshed finishes throughout. The rear alley provides off-street parking for up to four vehicles. With strong in-place income and extensive renovations already completed, this property offers an attractive opportunity for investors or owner-occupants seeking supplemental rental income in Richmond’s Northside.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

2

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey Duplex in Northside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R-6

APN/PARCEL ID

N000-1161-002

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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