& 213 Rear North 18th Street 213-215 N 18th St
9 Unit Apartment Building $1,625,000 ($180,556/Unit) Richmond, VA 23223
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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.
DATA ROOM Click Here to Access
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
1 of 1
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,027,000 | |
Land Assessment | $172,000 | Total Assessment | $1,199,000 |
ZONING
Zoning Code | B-5 |