Nearby Schools
RatcliffeElementary School
Douglas WilderMiddle School
HenricoHigh School
Description
A great opportunity to acquire a 5 unit apartment building each with 2 bedrooms, 1 full bath and just over 1,000SF of living area. Minutes from downtown Richmond and I-64 and I-95 this is a great location with easy access to the interstates, shopping, downtown, Mechanicsville and more. Enjoy a larger parcel with a paved driveway and parking area, low maintenance brick exterior. Each unit is separartly metered for power but share water/sewer/trash which runs about $350 a month. 4 of the 5 units have been renovated, the 5th unit is in the process of being worked on. Current rents at $925 a month are a touch low and could easily be improved. This would be a great opportunity to acquire and gradually increase cash flows in a stable area with county taxes!
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2022 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Updated: 29th March, 2023 5:50 AM (UTC)
Listing Agent: Matt Jarreau
Listing Office: Hometown Realty
