This multi-family investment opportunity at 37 Labrook Drive offers a well-located apartment property in Richmond’s Beaufont submarket. The asset consists of a two-story building on a 1.44-acre parcel, zoned R-53, and has 18 units.
Positioned within the Beaufont Hills neighborhood, the property benefits from proximity to major transportation routes, including Chippenham Parkway (VA-150) and Midlothian Turnpike (US-60), offering convenient access to Downtown Richmond and surrounding employment hubs. The area is supported by a diverse economic base, nearby retail centers, and essential services, creating consistent rental demand.
Investors can capitalize on the property’s established residential setting and explore operational efficiencies or unit upgrades to enhance returns. The site’s generous lot size allows for ample parking and green space, contributing to long-term tenant retention. With Richmond’s continued population growth and strong rental fundamentals, this property represents a compelling opportunity for buyers seeking a stabilized or repositioning multi-family asset in a growing market.