905 N 20th St - Apartments FOR SALE


Richmond, VA 23223- Fairmount
$440,000 USD
804-307-4060
905 N 20th St, Richmond, VA for Sale
$440,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

905 N 20th St
Richmond, VA 23223
Fairmount


HIGHLIGHTS

  • Fully leased asset
  • Modern interior renovations
  • Desirable unit mix
  • Church Hill location

OVERVIEW

Located in the heart of Church Hill—one of Richmond’s most vibrant and historic neighborhoods—this fully leased, four-unit multifamily property presents a compelling investment opportunity. Built as a true quad, each unit features a two-bedroom, one-bathroom layout and has been recently renovated with modern kitchens, updated bathrooms, and in-unit washer/dryer appliances. With an average rent of $1,075 per unit, this property delivers stable, reliable income from day one. Church Hill continues to see strong demand from renters who are drawn to its walkable streets, rich architectural character, and proximity to award-winning restaurants, parks, and downtown Richmond. The combination of location, upgrades, and strong tenancy make 905 N 20th Street a turnkey asset in one of the city’s most sought-after submarkets. -All four units are currently leased, generating consistent cash flow with an average rent of $1,075 per unit. -Each unit has been updated with new kitchens, bathrooms, and in-unit washer/dryer—reducing near-term capital expenditure. -All units are two-bedroom, one-bathroom layouts— ideal for attracting long-term renters in Richmond’s urban core. -Situated in one of Richmond’s most historic and high-demand neighborhoods, just minutes from parks, restaurants, and downtown.

FOR SALE DETAILS

PRICE

$440,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

4

PRICE/UNIT

$110,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,279 SF

ZONING

R-63

APN/PARCEL ID

E000-0420-016

ASK ABOUT THIS PROPERTY

Justin SleddOne South CommercialMore Info
804-307-4060

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Justin SleddOne South CommercialMore Info
804-307-4060

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