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.
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
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.
GREAT INVESTMENT OPPORTUNITY. Includes: 313, 315, 317, 319 Goshen Street - 4 townhouses and a total of 12 bedrooms. Each unit has 3 bedrooms & 2 full baths. Totally renovated approximately 12 years ago. New plumbing, mechanical & electrical. Each unit includes washer/dryer, central air and heat. All brick buildings with every two houses attached. Projected rent per unit is $1500/month.
Great Investment Opportunity. 16, 1 bedroom & 1 bath units
Part of an investment package: 8 buildings consisting of 15 units, 2 quads, 1 duplex, 5 single family @ $1,150,000. Perfect for investors, developers & contractors to capture a large upside. The properties need renovation and some may be eligible for Historic Tax Credits.
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.
Built in 1909 at the corner of 10th and Main Street, American Heritage Place became Richmond' s first skyscraper. In 2005, Genesis Properties renovated the property into luxury apartment homes. The 12-story building now boasts twenty commercial units on the lower floors and 57 market rate apartments on the upper floors. The prime location and high quality units of this property allow for premium rents that offer buyers an opportunity to invest toward a stable cash-flowing asset long term.
The Perry Place Apartments are located in the thriving Manchester Area of Richmond, VA. Built in circa 1912 the property was originally used as a cargo warehouse for The Southern Railways Company. The Hamilton Paper Corporation bought the building in 1950 and used the property as a warehouse for paper products. The current owners redeveloped the property in 2004, using Federal and State historic tax credits.
Five fully leased brownstone lofts and restaurant. Income producer w/ 10-yr tax abatement, walk to VCU Institute for Contemporary Art Building and campus, close to MCV, Richmond central business district, the new Wal-Mart, theater district, restaurants, river, bottom and more. Newly renovated, 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. 8% cap rate 1st year, increasing to 10% cap 2nd year, with increases each year after, as well as expected appreciation with new developments surrounding this property. Taking Back-Up offers: Contract Pending.