3618 Chamberlayne Ave - Apartments FOR SALE


Richmond, VA 23227- Ginter Park
$2,600,000 USD
804-266-8831
3618 Chamberlayne Ave, Richmond, VA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

3618 Chamberlayne Ave
Richmond, VA 23227
Ginter Park


HIGHLIGHTS

  • Ginter Park neighborhood
  • 20 one (1) bedroom units
  • Ample parking
  • Corner lot
  • Fully leased

OVERVIEW

One South Commercial is excited to present the exclusive listing for 3618 Chamberlayne Avenue a 20-unit apartment building located on a prime corner lot in Richmond’s Northside. This property is an excellent investment opportunity with strong upside potential. Each of the units are spacious one-bedroom floor plans that have been well maintained. Recent improvements include upgraded common area finishes and kitchen and flooring updates in select units. The building also has a common laundry room for the convenience of the residents. Located on the corner of Chamberlayne Ave & Laburnum Ave, this property offers excellent street visibility and easy access for residents to the building parking lot. The surrounding area is filled with amenities such as supermarkets, schools, and public transportations, making it an attractive location for residents. The current rents present a great opportunity for investors to increase income potential of the property. With some continued upgrades and improvements, the property has the potential to attract higher paying tenants and generate significant returns. Overall, this is a fantastic investment opportunity for a commercial real estate investor. The combination of upside and a prime location make this property a smart choice for anyone looking to add a valuable asset to their portfolio.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

20

PRICE/UNIT

$130,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

25,979 SF

ZONING

R-48

APN/PARCEL ID

N000-1749-001

ASK ABOUT THIS PROPERTY

Isaac WeintzOne South CommercialMore Info
804-266-8831

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Isaac WeintzOne South CommercialMore Info
804-266-8831

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