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318 W Broad St

2 Unit Apartment Building $1,010,000 ($505,000/Unit) Richmond, VA 23220

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Executive Summary

6,816 SF, 3 unit investment Zoned B-4 mixed use. Excellent VCU area and business location. 100% occupancy with strong rental history. Recent rent escalation on commercial lease. Well-maintained with capital building upgrades

318_W_Broad_St_Brochure

Property Facts

Price	$1,010,000	Lot Size	0.08 AC
Price Per Unit	$505,000	Building Size	6,816 SF
Sale Type	Investment	No. Stories	2
No. Units	2	Year Built	1910
Property Type	Multifamily	Parking Ratio	0.44/1,000 SF
Property Subtype	Apartment	No. Drive In / Grade-Level Doors	1
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,010,000
Price Per Unit	$505,000
Sale Type	Investment
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.08 AC
Building Size	6,816 SF
No. Stories	2
Year Built	1910
Parking Ratio	0.44/1,000 SF
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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Walk Score ®

Walker's Paradise (97)

Bike Score ®

Very Bikeable (82)

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Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	N000-0180-027	Improvements Assessment	$424,000
Land Assessment	$388,000	Total Assessment	$812,000

PROPERTY TAXES

Parcel Number

N000-0180-027

Land Assessment

$388,000

Improvements Assessment

$424,000

Total Assessment

$812,000

zoning

Zoning Code	B-4
B-4

Listing ID: 32122875
Date on Market: 6/13/2024
Last Updated:
Address: 318 W Broad St, Richmond, VA 23220

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318 W Broad St, Richmond, VA for sale Primary Photo- Image 1 of 4 — Primary Photo

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