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1401 Coalter St
Richmond, VA 23223 Mosby

$2,399,999 USD

Apartments For Sale  •  15,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,000 SF
  • Lot Size 0.59 AC
  • Building Class C
  • Year Built 1967
  • Zoning R-53
40 Transit Score
70 Walk Score

Highlights

Well-maintained 20-unit multifamily property offering a mix of long-term and newer short-term tenants for stable cash flow.
Current leases include newer agreements at $1,250, creating immediate income stability and growth potential.
Architectural appeal with several units featuring partial vaulted ceilings that enhance tenant desirability.
Ample on-site and surrounding parking with 20+ spaces available for residents and guests.
Value-add opportunity through modest interior renovations and exterior enhancements to increase NOI and property appreciation.
Located in a growth-oriented Richmond neighborhood across from a well-maintained Richmond Redevelopment Housing Authority property.

Amenities

  • Air Conditioning
  • Picnic Area
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Family Room
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.3 mi
15 min - 8.0 mi
AirportDriveWalkDistance
Richmond International 15 min - 7.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Matt Smith 804-366-0200 Weichert Realtors Brockwell & Associates.
Matt Smith 804-366-0200 Weichert Realtors Brockwell & Associates.