Richmond Apartment Buildings for Sale

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 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 2 photos
2 photos

2112 E Clay Street

2112 E Clay Street, Richmond, VA 23223

6,000 SF$950,000

Multi-Family

Mixed Use Development | 5 Apartments + Cafe/Retail Space. Under Construction/Development. This project will feature 5 ultra modern apartments with skyline views of downtown Richmond. And a cafe/retail space on the ground floor. All units have off street parking. The property literally sits on the Park at the foot of Historic Church Hill and Union Hill. minutes from VCU and MCV campus. Perfect location for high income graduate medical students looking for new construction rentals. This project is being developed by Snipes Properties and built by RiverWest Contractors. Construction Perm financing for end buyer or 30% JV option available for serious investors.

Property Photo 3 photos
3 photos

1601 Hanover Avenue

1601 Hanover Avenue, Richmond, VA 23220

5,914 SF$725,000

Multi-Family

Historic, popular area, "Fan District". Rare combo, 2 residential rental or owner occupied units @ 1601 Hanover & commerical restaurant on sidestreet, 214 N. Lombardy St. Apt. #2, 1st floor, 1 bdrm, bay window in L/R. Unit #1 is fabulous 2-story unit for owner-occupant or upscale tenant for good rental income-3 bdrms,great kitchen, 2 full baths including special 900+ sq. ft. private master suite on 3rd level. Commercial rental space is active restaurant @ 214 N.Lombardy. Completely renovated 80 seat, 2 level restaurant, with cool bar on 2nd level. Restaurant has separate meters. Seller is retaining restaurant business and has existing lease in place, agrees to $3,000 monthly for new owner..Ask agent. regarding commercial lease."C/O" 3-units, 2 apartments + 1 restaurant. Very difficult to get new restaurant/commercial use location in this area. Current gross monthly rent as of 2/2014 is $5,400 or $64,800 annually. Tenants pay utilities, owner pays taxes/ins. Separate electric meters for 2 apt. but 1 gas and 1 water/sewer meter for residential part of building. Per lease, formula for GWS tenant reimburse, bill monthly. Slide Show tour: http://see.tourvahomes.com/121689

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 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 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 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.

Property Photo 17 photos
17 photos

3814 Chamberlayne Avenue

3814 Chamberlayne Avenue, Richmond, VA 23227

8,904 SF$900,000

Multi-Family

Welcome to the Petersburg Building. The Petersburg 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 Petersburg 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 Petersburg building.

Property Photo 21 photos
21 photos

108 E Cary Street

108 E Cary Street, Richmond, VA 23219

11,683 SF$1,700,000

Multi-Family

Two historic buildings situated in Richmond' s historic Monroe Ward. The 2 buildings were gutted and renovated approximately 10 years ago with new roofs, HVAC systems, electrical and painting the trim work. The charming features of the building and grounds assist the owner in securing stable tenants. The property consists of two buildings which include 10 units of commercial and residential uses. The apartments are a mixture of townhouse and garden style. There is a charming courtyard and outdoor space for most units.

Richmond Apartment Buildings for Sale

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