Richmond Apartment Buildings for Sale

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 4 photos
4 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 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 16 photos
16 photos

3211 Chamberlayne Avenue

3211 Chamberlayne Avenue, Richmond, VA 23227

155,960 SF$9,850,000

Multi-Family

212 unit Multifamily Apartment Portfolio FOR SALE in Richmond, Virginia. Looking for a reason to get in to the Richmond Rental Market? Well here it is. This Portfolio consists of 212 units, with a mix on 1, 2 and 3 bedroom apartments. Located within minutes of Downtown Richmond, VCU, MCV and VUU. The Portfolio as a whole currently is running around 95% occupancy and steadily growing. The properties were acquired in a distressed state, and are now well maintained and in Great Condition. Buildings are either brick or vinyl, and have small lawn-care footprints. Units have been Updated as turned, and rents are all at or above local market rental rates. In most units, Tenants pay for all utilities, owner pays for water, sewer and trash removal. Portfolio runs along the Chamberlayne Avenue corridor, and all units are located on the Bus Line. There is plenty of off-street parking at all locations. This Portfolio is Low Maintenance and in Great Condition, it is Centrally located and within minutes of 3 Colleges and Downtown Richmond. All this and an attractive Cap Rate make this opportunity shine. Call me with questions..

Property Photo 24 photos
24 photos

417 W Grace Street

417 W Grace Street, Richmond, VA 23220

5,415 SF$895,000

Multi-Family

Four fully renovated and leased brownstone lofts and 2,500 sf restaurant space. Annual Gross Income $91,380 w/ 14-yr tax abatement, located walking distance to VCU Institute for Contemporary Art Building - see RTD article: http://reporting.loopnet.com/report/c153abc1-1179-48a4-9bb0-7192c77c34bc and close to MCV, Richmond central business district, theater district, restaurants, river, bottom and more. All utitlities separate, hard wired fire alarm system & sprinklers, new roof, exposed brick, hardwood floors, lots of sunlight, granite counter tops, stainless appliances, microwave, refrigerator & stove,stacked washer & dryers, tile bathrooms & kitchens, plenty of off street parking and Henry St. Parking decks for off-campus students and valet/events directly across.

Property Photo 6 photos
6 photos

200 E Main Street

200 E Main Street, Richmond, VA 23219

3,600 SF$495,000

Multi-Family

200 East Main is a three story 4 unit property. 100% LEASED! A restaurant is on the Main Street retail 1st floor with basement storage, two large one bedroom apartments are on the 2nd and 3rd floors and a separate two story studio apartment/retail is located at the rear labeled as 1 N. 2nd Street. this 1910 building is all brick with replacement windows and is in reasonably good condition. Building is directly beside the Suntrust Bank

Property Photo 17 photos
17 photos

1500 W Leigh Street

1500 W Leigh Street, Richmond, VA 23220

11,000 SF$1,975,000

Multi-Family

100% Occupied- Own a whole block of Carver, Six contiguous townhomes with private garages, front and back porches, and with beautiful landscaping. This Richmond neighborhood treasure is meticulously cared for, low maintenance, and very desireable to tenants. They walk and ride their bikes to campus and enjoy easy access to the grocery store and interstate. Growth associated with the new VUU and Chamberlayne Corridor Project will also make this property even more centrally-located.

Property Photo 14 photos
14 photos

1229 Hull Street

1229 Hull Street, Richmond, VA 23224

11,058 SF$274,950

Multi-Family

**Builders, Developers and Renovators** Here is the property you have been dreaming about. 1229 Hull Street!! Take advantage of the Historic Tax Credits. Area is experiencing revitalization, with many other renovations and new development on this street as well as the immediate area. The New Courthouse is just 3 blocks away. It will be hard to find anything similar in the area that has not already been renovated. Plans have been submited and approved for 10 residential units and 2 commercial spaces. Parts 1 & 2 of the DHR have been approved as well as a Tax Abatement. This is a dream project and can be handed over with all the currents plans, or you can submit your own plans. Call today. Corner of 13th Street and Hull Street. Just 3 - 4 blocks away from the New Courthouse. Designs: http://architecturedesignoffice.com/dl/1223_1229_PERMIT_SET_110307.pdf

Property Photo 8 photos
8 photos

2400 Barton Avenue

2400 Barton Avenue, Richmond, VA 23222

11,700 SF$970,000

Multi-Family

PRICE REDUCTION! 18-unit 3-story brick building built in 1910 and renovated in 2000. Each unit has 2 bedrooms and 1 bath and market rent is $600/month. Owner pays heating (gas/oil)and hot water (gas). Tenant pays gas for cooking and electric. This well-maintained building has a side yard and small off-street parking area. Building square footage is approximate. Must have 48-hour notice to show. This property is part of a multi-family/single family portfolio. Please give us a call to find out more about all 10 properties.

Richmond Apartment Buildings for Sale

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