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14,899 SqFt
14,899 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,899 sqft
Price per Sqft $154
Subdivision Howards Grove
MLS Listing ID 2517698
Style Two Story,Low Rise
Construction Status Actual
HOA Y/N No
Year Built 1967
Annual Tax Amount $13,128
Tax Year 2024
Lot Size 0.594 Acres
Acres 0.5937
Property Sub-Type Multi Family
Property Description
Discover this well-positioned 20-unit multifamily property, it provides solid mix of both long-term tenants, and newer short-term tenants with newer leases of $ 1250.00, providing both stable cash flow, and room for income growth. With a Mix that includes several partial vaulted ceilings, adding to the architectural appeal and tenant desirability. A healthy tenant mix ensures ongoing revenue, and immediate upside potential through modest renovations and rent adjustments. With ample parking of 20+ parking spaces available on site and surrounding the property for residents and guests. Opportunities for interior updates and exterior enhancements, positioning this property as a strong candidate for increased NOI and future appreciation. Located across from a property managed by the Richmond Redevelopment Housing Authority, which is very well maintained by the City of Richmond located in an area poised for continued growth, making this an excellent long-term investment with strong rental demand and growth. Whether you're an investor seeking steady returns or buying for potential upside, this asset offers a balanced blend of income, location, and opportunity.
Location
State VA
County Richmond City
Community Howards Grove
Area 10 - Richmond
Direction Fairfield Avenue to Mechanicsville Turnpike, then take right at the light of Littlepage street. Property is at the corner of Coalter St, and Littlepage street.
Interior
Interior Features Cathedral Ceiling(s)
Appliance Electric Water Heater, Gas Water Heater
Exterior
Fence None
View Y/N Yes
View City
Roof Type Asphalt
Garage No
Building
Lot Description Corner Lot
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Two Story, Low Rise
Level or Stories Two
Structure Type Drywall,Frame,Vinyl Siding
Construction Status Actual
Schools
Elementary Schools Woodville
Middle Schools Martin Luther King Jr.
High Schools Armstrong
Others
Tax ID E000-0604-015
Ownership Individuals
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