& 213 Rear North 18th Street 213-215 N 18th St

9 Unit Apartment Building $1,625,000 ($180,556/Unit) Richmond, VA 23223

INVESTMENT HIGHLIGHTS

  • Off street parking
  • Rent upside potential
  • Two (2) parcels
  • Prime downtown location - close to VCU medical center & VA State Capital campus
  • Highly walkable

EXECUTIVE SUMMARY

One South Commercial is pleased to offer for sale 213-215 N 18th Street, a nine-unit multi-family property located just blocks away from both VCU Medical Center and the Virginia State Capitol Campus. The property provides a blend of 2-bedroom and 1-bedroom units and a detached single-family home in the rear with a 2-bed/2 bath layout including a 3-bay garage. All units have modern finishes to complement the historic portions of the property. All tenants enjoy off-street parking as well as a short walk to many of Shockoe Bottom’s popular boutiques, restaurants and coffee shops. The property provides a future investor rental upside as reflected in the included pro-forma given its prime location and large unit size. Additionally, the B-5 zoning allows for the potential of short term furnished rental opportunities. 213-215 N 18th Street is an excellent opportunity for an investor looking to expand their portfolio or enter the Richmond market with a splash.

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PROPERTY FACTS

Price $1,625,000
Price Per Unit $180,556
Sale Type Investment
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 10,024 SF
Average Occupancy 80%
No. Stories 3
Year Built 1850
Opportunity Zone Yes

UNIT AMENITIES

  • Kitchen
  • Oven
  • Range
Walk Score®
Walker's Paradise (95)

PROPERTY TAXES

ZONING

Zoning Code B-5
  • Listing ID: 33126371

  • Date on Market: 9/10/2024

  • Last Updated:

  • Address: 213-215 N 18th St, Richmond, VA 23223