Catalyst Commercial Partners is pleased to present this well-located 5-unit multifamily property at 516 Richmond Drive, offering 5,906 square feet of rentable space. Priced at $2,100,000, the asset equates to $420,000 per unit and $356 per square foot—an attractive value for a value-add investment with significant upside potential. The property has undergone significant capital improvements, including a full electrical system upgrade with all panels replaced as of May 24, ensuring modern load capacity and code compliance. The roof, to be 8– years old, remains in good condition with a strong remaining useful life. This property offers a unique opportunity to increase returns by remodeling the two vacant units to achieve current market rents. New ownership can enhance cash flow and long-term appreciation through strategic updates and active management. Amenities include updated lighting throughout and on-site laundry facilities equipped with two washers and two dryers. The property has been well-maintained, with minimal deferred maintenance and a stable tenant base. Additionally, implementing a RUBS (Ratio Utility Billing System) to recover water, sewer, and garbage expenses could improve net operating income. This is an ideal opportunity for an investor looking to add value through renovations and utility cost recovery while benefiting from a well-situated, low-maintenance asset with strong long-term prospects. Price- $2,100,000 Price Per Unit- $420,000 Cap Rate-4.08% Pro Forma Cap Rate- 5.45%