417 W Grace St - Apartments FOR SALE


Richmond, VA 23220- Monroe Ward
$1,650,000 USD
804-349-5788
417 W Grace St, Richmond, VA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/23
null | 5.83% Cap Rate

417 W Grace St
Richmond, VA 23220
Monroe Ward


HIGHLIGHTS

  • 5 Fully Occupied Units
  • Just off I-64 and 300 ft to the new Costar Center
  • Commercial NNN Lease
  • Renovated
  • Part Seller-Financing Available

OVERVIEW

BACK ON THE MARKET 5-Unit Investment Opportunity at VCU's newest, most innovative center now under construction, centrally located in a vibrant, pedestrian-oriented location, walking distance to campus, shops, restaurants and mass transit. The building interior was fully built out in 2015, with 1st floor restaurant and 4 apartments on the 2nd and 3rd levels, blending historic charm with modern upgrades, making for comfortable and durable living spaces, that feature large windows, tall ceilings, granite countertops, stainless-steel appliances, exposed brick and beautiful hardwood floors throughout. The commercial restaurant space is in excellent condition and equipped with a 15' stainless hood, exhaust system, gas stove, large walk-in refrigerator, grease trap, and sprinkler system. The restaurant lease has 2.5 years remaining and the property is sold 'As Is"

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

5

PRICE/UNIT

$330,000

CAP RATE

5.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

B-4

APN/PARCEL ID

W000-0214-004

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.