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417 W Grace St
Richmond, VA 23220 Monroe Ward

$1,650,000 USD

Apartments For Sale • 6,132 SF

Property Details

Property Type Apartments
Total Building Size 6,132 SF
Lot Size 0.07 AC
Building Class C
Year Built 1921
Cap Rate 5.04 %
Zoning B-4

60 Transit Score

94 Walk Score

                
                    Highlights
                
                                Seller-Financing Available
                            
                                5 Fully Occupied Units
                            
                                Just off I-64 within steps of VCU campus
                            
                                4-Years Remaining on Commercial NNN Lease
                            
                                Fully Renovated

Property Flyers

417 W Grace St OM 11 2

Financial Summary (Actual)

Net Operating Income: $83,125 USD (2025)

Cap Rate:	5.04 %
Total Expenses:	$25,715 USD

Amenities

24 Hour Access
Air Conditioning
Dishwasher
Security System
Washer/Dryer
Heating
Ceiling Fans
Eat-in Kitchen
Kitchen
Granite Countertops
Hardwood Floors
High Speed Internet Access
Refrigerator
Oven
Sprinkler System
Stainless Steel Appliances
Tub/Shower
Views
Bicycle Storage
Deck
Handrails
Private Bathroom
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Richmond Main Street Amtrak Station (Northeast Regional - Amtrak)	4 min	-	2.3 mi
Richmond Staples Mill Road Amtrak Station (Carolinian - Amtrak, Northeast Regional - Amtrak, Palmetto - Amtrak, Silver Meteor - Amtrak)	11 min	-	6.7 mi
Airport	Drive	Walk	Distance
Richmond International	17 min	-	10.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Susan Haas; MURP 804-349-5788 Haas Realty Group

417 W Grace St Richmond, VA 23220 Monroe Ward