Skip To Content
    Return to Previous Page

    Address Not Available By Request

    Richmond, VA 23219
    • $770,000
    • STATUS: Active
    • ON SITE: 120 days
    • MLS #: 2019223
    Price Reduced
    UPDATED: 33 min ago
    $770,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1898
    County:

    School Ratings & Info

    Description

    Great investment opportunity consisting of 7 residential condos (from total of 12 in the building, 5 sold to individual owners) in the heart of Jackson Ward adjacent to popular Hippodrome theater. Each condo is currently rented and bring approximately 5.5% CAP rate after expenses. Please see excel sheet with details attached. 6 of the condos are efficiency studios offered for $100,000 each, approximately 430 sq ft each. 1 of the condos is 1bdr/1bath, 1015 sq ft with a loft area available for $170,000. Monthly HOA due of $150 includes water/sewer/trash and $40/month rental fee for parking at 514 N 2nd St. Portfolio can be purchased as whole or separately. Units are fully occupied with guaranteed annual rental income of $74,160. Appliances convey. In walking distance to MCV and VCU. Approximately 3 years of tax abatement remaining. Parking lot at 514 N 2nd St is available to purchase for additional fee.

    Monthly Payment Calculator



    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 © 2020 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-10-25T22:57:06.253.
    www.blakeandalipooreteam.com/homes/107289158
    Print Image

    Address Not Available By Request Richmond, VA 23219

    • Price: $770,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 2019223
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    1898
    Built
    Neighborhood:
    10 - Richmond
    County:
    Richmond City
    Area:
    10 - Richmond
    Property Description
    Great investment opportunity consisting of 7 residential condos (from total of 12 in the building, 5 sold to individual owners) in the heart of Jackson Ward adjacent to popular Hippodrome theater. Each condo is currently rented and bring approximately 5.5% CAP rate after expenses. Please see excel sheet with details attached. 6 of the condos are efficiency studios offered for $100,000 each, approximately 430 sq ft each. 1 of the condos is 1bdr/1bath, 1015 sq ft with a loft area available for $170,000. Monthly HOA due of $150 includes water/sewer/trash and $40/month rental fee for parking at 514 N 2nd St. Portfolio can be purchased as whole or separately. Units are fully occupied with guaranteed annual rental income of $74,160. Appliances convey. In walking distance to MCV and VCU. Approximately 3 years of tax abatement remaining. Parking lot at 514 N 2nd St is available to purchase for additional fee.
    Exterior Features

    Lot Features Level Road Frontage Type City Street Roof Metal Topography Level

    Interior Features

    Basement YN No Cooling Central Air Cooling YN Yes Heating Electric Heating YN Yes

    Property Features

    Leasable Area 3583 Property Condition Very Good Condition Sewer Other Water Source Public

    Listing courtesy of Snipes Properties. Listing information © 2020 CVRMLS and CBRAR.


    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 © 2020 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-10-25T22:57:06.253.
     
    Logo
    Blake and Ali Poore Team
    5702 Grove Avenue
    Richmond VA, 23226