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 10 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 $9,805 and has been owned for many years with 100% occupancy. With three dedicated parking spaces, 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.
Pending
$1,500,000
1010 Park Ave, Richmond, VA 23220
10beds
8baths
4,878sqft
Est.:
Quadruplex, Multi Family, Multi Family
Built in 1910
-- sqft lot
$1,457,000 Zestimate®
$308/sqft
$-- HOA
What's special
Fire alarm monitoringMetal roofSprinkler systemIn-unit laundryUpdated plumbing and electricDouble-paned windows
- 28 days |
- 746 |
- 26 |
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