417 W Grace St - Apartments FOR SALE


Richmond, VA 23220- Monroe Ward
$1,900,000 USD
804-349-5788
417 W Grace St, Richmond, VA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/46
null | 5.07% Cap Rate

417 W Grace St
Richmond, VA 23220
Monroe Ward


HIGHLIGHTS

  • Fully Renovated in 2015
  • Commercial Restaurant
  • Just off I-64 within steps of VCU campus

OVERVIEW

5-Unit Investment Opportunity at VCU's most prominent and innovative hub, and centrally located in a vibrant, pedestrian-oriented location, walking distance to campus, shops, restaurants and mass transit. The building was completely renovated in 2015, 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. There is opportunity to add value and increase rental income, as this location continues to grow. 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 4 years remaining and the property is sold 'As Is"

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

5

PRICE/UNIT

$380,000

CAP RATE

5.07%

% 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

2,873 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 Policy.