Richmond Apartment Buildings for Sale

Property Photo 4 photos
4 photos

1731 E Main Street

1731 E Main Street, Richmond, VA 23223

15,079 SF$2,400,000

Multi-Family

Portfolio of 4 historic low rise Richmond, VA multifamily buildings above popular restaurants in a strategic corner and in great condition, offered for purchase as a package for investment and/or redevelopment. The total portfolio consists of 3 buildings with 8 apartments and 3 restaurants plus 1 single story retail building. 1731 E. Main has 3 apartments and a famous pizza restaurant; 1729/1727 has 4 apartments also with a restaurant: 1725 has 1 apartment above a sushi restaurant and the single story retail building is 4/8 South 18th Street. A solid ROI is offered to purchasers who wish to take advantage of the current high cash flow due to the high residential rental demand with hardly any vacancies. Redevelopment will no doubt enhance the financials.

Property Photo 8 photos
8 photos

613 Brook Road

613 Brook Road, Richmond, VA 23220

14,000 SF$2,380,000

Multi-Family

Extremely strong rental history in the VCU submarket 100% occupied cash machine with leases thru spring/summer 2015 Walking distance to VCU's Monroe Park Campus Total renovation in 2008 Environmentally friendly features make this an attractive options for students Owner pays for water/sewer/trash/internet/cable 18 off street parking spaces plus ample on-street parking with no restrictions Tax abatement in place until 2018 New rent roll beginning on 8/1/14 shows a 2.8% increase in gross rents over 2013 financials with no expected change in expenses Property is for sale by owner

Property Photo 6 photos
6 photos

1701 Colorado Avenue

1701 Colorado Avenue, Richmond, VA 23220

119,960 SF$5,400,000

Multi-Family

Tax Credit Group of Marcus & Millichap is pleased to announce the opportunity to acquire Bradford, Colorado, and Lakeview Manor, a 155-unit apartment community situated in the desirable market of Richmond, VA. The property is less than 10 minutes from downtown and near major employers, schools, and recreation. The property is comprised of three sites including Bradford Manor located at 2027 Fairfield Avenue, Colorado Manor at 1701-R Colorado Avenue, and Lakeview Manor at 2001 Lakeview Avenue. Bradford, Colorado, and Lakeview Manor were constructed in 1962 and renovated in 1995 under the Low Income Housing Tax Credit (LIHTC). The initial Tax Credit Compliance Period (TCCP) ended on December 31, 2009 and the property has extended use restrictions in place until December 31, 2024. Residents of Bradford, Colorado, and Lakeview Manor choose from one-, two-, and three-bedroom floor plans. Each unit offers linen closets, walk-in closet, and well-equipped kitchen with pantry. The community amenities include a laundry facility, children's playground, and leasing office.

Property Photo 5 photos
5 photos

219 E Grace Street

219 E Grace Street, Richmond, VA 23219

2,923 SF$275,000

Multi-Family

Unique building mixed retail with residential style property for sale in Downtown Richmond! This property features a rental/commercial office along with 3 separate apartments

Property Photo 21 photos
21 photos

3201 Watson Avenue

3201 Watson Avenue, Richmond, VA 23234

20,859 SF$1,500,000

Multi-Family

The Meadows Investment Properties is a package of 21 rental properties offered for $1.5M, located in the city of Richmond, VA. All are currently occupied with long time tenants utilizing RRHA (RICHMOND REDEVELOPMENT HOUSING AUTHORITY) and VRC (VIRGINIA RESOURCE CENTER) SECTION 8. Assured rents are deposited directly to owner. All the properties have excellent rent histories, most tenants have been there at least 3 years, many over 10 years. The return on investment is 12%. This is an excellent investment that will pay for itself. The Section 8 checks will be deposited directly to the new owner's account by Section 8. Most of the properties are under 2 miles from the Shockhoe Stadium project in historic Shochkoe Bottom. See for more information. The longtime owner has taken good care of all these homes, performing all home maintenance tasks diligently. Owner will share list of contractors familiar with the properties. All homes have central heat and air systems, and are brick or vinyl sided and have replacement windows and newer roofs. Appliances included.

Property Photo 1 photo

5846 Westower Drive

5846 Westower Drive, Richmond, VA 23225

206,400 SFPrice Upon Req.

Multi-Family

Capstone Apartment Partners is pleased to present the opportunity to acquire Match Point, an exceptional value-add asset. This fully performing property is centrally located among some of the most desirable neighborhoods in the Richmond, VA MSA. Match Point is comprised of 258 units, and it is positioned among its submarket for unit and amenity upgrades to capture the abundant tenant demand in the region for more highly appointed rental options. The Richmond MSA continues to experience strong population and employment growth among the central submarket, and the area' s apartment fundamentals continue to demonstrate increasing market demand for improved rental units. In fact, several of Match Point' s submarket competitors have already implemented similar asset improvement strategies, and their proven results speak to the opportunity available with this offering. **PLEASE CLICK LINK TO REGISTER & DOWNLOAD OFFERING MEMO**

Property Photo 3 photos
3 photos

3401 Chamberlayne Avenue

3401 Chamberlayne Avenue, Richmond, VA 23227

4,236 SF$650,000

Multi-Family

Group home, fully licensed for 20 client facility, great income and long term tenants, stable income history. Building in good condition - turn key. Annual gross income $240,000.

Property Photo 18 photos
18 photos

1111 N 25th Street

1111 N 25th Street, Richmond, VA 23223

5,192 SF$295,000

Multi-Family

INVESTMENT OPPORTUNITY in North Churchill right next to the new Bon Secours 4-block Expansion Project and Walgreens- 5,192sf Brick Storefront - qualifies for Historic and Enterprise tax Credits and Tax Abatement- Features Rubber Roof, New HVAC, plumbing, electrical on 1st floor, 2nd floor needs total rehab but has part exposed brick walls, large windows and hardwood floors. Within Richmond's First Better Block project boundaries, designed to transform 2-blocks into a walkable, bikeable, vibrant place for people to gather, shop, eat, and socialize - creating need for upscale apartments and retail business. USA Today recently ranked Church Hill in the Top 10 Up and Coming Neighborhoods in the U.S.

Property Photo 7 photos
7 photos

1903 Whitcomb Street

1903 Whitcomb Street, Richmond, VA 23223

21,344 SF$1,595,000

Multi-Family

64 unit apartment complex located in Richmond, Virginia, 8 brick buildings with 8 units per building, All 2 bedroom, 1 bath, $495/month with potential to increase, Gas and electric separately metered; water included in rent, Located off I-64 East off Mechanicsville Turnpike. Extensive renovations over last several years. 7 of 8 roofs replaced (remaining in good condition). Nearly 100% of windows replaced. LED outdoor lighting installed. Extensive repairs to rear staircases. Enhanced electrical panels. New appliances in many units.

Property Photo 14 photos
14 photos

3914 Chamberlayne Avenue

3914 Chamberlayne Avenue, Richmond, VA 23227

8,960 SF$900,000

Multi-Family

Welcome to the Roanoke Building. The Roanoke is a 20 unit Apartment complex located on Chamberlayne Avenue in Richmond, Virginia. The property consists of 20, one bedroom units. The building has a shingled roof and vinyl siding making this a very low maintenance property. The units rent for $535.00 each, and tenants pay for their own electric. The owner will pay for water, sewer and trash. There is a very small lawn care footprint in front of the building, with the rest of the land covered by a parking lot. The units are heated and cooled with HVAC units, electric. The units have a living room, kitchen, bathroom and bedroom. The Roanoke building is located within minutes of Downtown Richmond, and 3 local colleges, MCV, VCU and VUU. Chamberlayne Avenue is on the Bus line, and within minutes of shopping, restaurants, laundry and major transportation routes. If you are looking for a Low Maintenance, Positive Cash flow Multi-family Apartment, then you will want to take a look at The Roanoke building.

Richmond Apartment Buildings for Sale

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