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228 W Broad St
Richmond, VA 23220 Jackson Ward

$1,085,000 USD

Apartments For Sale • 5,140 SF

Property Details

Property Type Apartments
Total Building Size 5,140 SF
Lot Size 0.06 AC
Building Class C
Year Built 1915
Cap Rate 5.61 %
Zoning B-4 Central business

70 Transit Score

70 Walk Score

                
                    Highlights
                
                                Stabilized asset with good current tenants and building condition.
                            
                                Great location in Richmond's Downtown Art's District; A downtown area with shops, bars, restaurants, hotels, art galleries and offices.
                            
                                Management has opportunity to push rents from current levels to market.
                            
                                Proximate to VCU Medical Center and Central Business District.

Property Flyers

floor plans.pdf2

Offering Memorandum _L_price reduction 1085000

Cap Rate:

5.61 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Ada Artist Downtown Access

Amenities

Air Conditioning
Washer/Dryer
Trash Pickup - Curbside
Vintage Building
Eat-in Kitchen
Hardwood Floors
Refrigerator
Range
Skylights
Walk To Campus
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	4 min	-	2.3 mi
	12 min	-	6.7 mi
Airport	Drive	Walk	Distance
Richmond International	17 min	-	10.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	3
Type:	Surface
Included in Rent:	Yes

Kerry Riley 804-432-2688 Marcus & Millichap

228 W Broad St Richmond, VA 23220 Jackson Ward