412 N 3rd St - Apartments FOR SALE


Richmond, VA 23219- City Center Richmond
$3,100,000 USD
804-349-5788
412 N 3rd St, Richmond, VA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

412 N 3rd St
Richmond, VA 23219
City Center Richmond


HIGHLIGHTS

  • Fully-Occupied 15-Units on Transit Line facing the Convention Center
  • 1 Block to Richmond Coliseum $15M Redevelopment Project and .5mi to 10th St 10-Bay Transfer Hub and Mixed-Use Center
  • Opportunity Zone Tax Incentives
  • Opportunity to Redevelop apr. 2200sf Garage and Outside Patio to Multi-Levels for Mixed-Uses

OVERVIEW

15 Unit Multi-Family Property located in one of Richmond's most exciting locations, only steps from the Richmond Convention Center, Coliseum Mixed-Use Project, 10th St Transfer Station, MCV Hospital and Medical Center, with interstate access and in a Federally Designated Opportunity Zone. Bliley's Garage Apartments at Richmond's City Center was built in 1930 and redeveloped to 15 brownstone apartments consisting of (10) 1 and (5)2-bedroom units. The integrity of its design and construction earned developers the Better Housing Coalition Golden Hammer Award for the region's best adaptive reuse and most environmentally friendly project and the Greater Richmond Association of Commercial Real Estate's Best Multi-Family Project. Designated solar panels reduce carbon emissions and lower tenant costs. Along with the attached garage, character and charm of Bliley's Garage Apartments, structurally superior building with a blend of original, historic and modern features. Advanced energy-efficient systems, the outdoor patio, large, open spaces, tall ceilings and windows allow for an abundance of natural lighting. Custom kitchens crafted with handmade cabinets and unique finishes add to the industrial feel and integrity of one of Jackson Ward's most historically prominent properties. Enjoy stable income with opportunity to increase rentable square footage. Opportunity Zone Incentives Apply.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

15

PRICE/UNIT

$206,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bliley's Garage Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

B-4

APN/PARCEL ID

N000-0038-015

ASK ABOUT THIS PROPERTY

Susan Haas; MURPHaas Realty GroupMore Info
804-349-5788

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Susan Haas; MURPHaas Realty GroupMore Info
804-349-5788

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