1012 Park AVE new Save Request In-Person Tour Request Virtual Tour
Richmond,VA 23220
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,283 sqft
Price per Sqft $302
MLS Listing ID 2525663
Style Tri-Level
Construction Status Actual
HOA Y/N No
Year Built 1910
Annual Tax Amount $13,164
Tax Year 2025
Lot Size 2,657 Sqft
Acres 0.061
Property Sub-Type Quadruplex
Property Description
AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 11 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,835 and has been owned for 19 years with 100% occupancy. With high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps from all of the amenities the FAN has to offer.
Location
State VA
County Richmond City
Area 10 - Richmond
Direction GPS
Rooms
Basement Full,Finished
Interior
Interior Features Ceiling Fan(s),Double Vanity,Eat-in Kitchen,High Ceilings,High Speed Internet,Kitchen Island,Recessed Lighting,Tile Countertop,Tile Counters,Cable TV,Wired for Data
Appliance Electric Water Heater
Laundry Washer Hookup,Dryer Hookup,Stacked
Exterior
Fence None
Roof Type Metal
Porch Front Porch
Garage No
Building
Story 4
Sewer Public Sewer
Water Public
Architectural Style Tri-Level
Level or Stories Three Or More,Multi/Split
Structure Type Brick,Drywall
Construction Status Actual
Schools
Elementary Schools Fox
Middle Schools Dogwood
High Schools Thomas Jefferson
Others
Tax ID W000-0462-017
Ownership Individuals