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903 N 20th St
Richmond, VA 23223

Multifamily Property For Sale · 4 Units

PROPERTY FACTS

No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.12 AC
Building Size 2,668 SF
Average Occupancy 100%
No. Stories 2
Year Built 1958

ABOUT 903 N 20TH ST , RICHMOND, VA 23223

One South Commercial presents an exciting opportunity to purchase a stable, income-generating multifamily property in Richmond’s Fairmount neighborhood - an extension of Church Hill. Located directly across the Martin Luther King Bridge from Downtown Richmond, 903 N 20th St offers four occupied units. Each unit is a 2 bed/1 bath apartment and features a fully equipped kitchen, carpeting, and rear porches/balconies. A parking area at the rear provides off-street spaces for the residents. The Fairmount neighborhood is located less than a halfmile from VCU’s Medical Campus and the VA Bio+Tech Park to the west. The property is also within walking distance to many popular Church Hill and Union Hill restaurants and attractions to the south. The great location makes the Fairmount area especially popular with graduate students and professionals looking for apartments close to school or work. This well performing property has been consistently maintained and updated preventing the need for short term capital expenditure. These factors provide an attractive net operating income for a buyer looking for a multifamily investment in this area of Richmond.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 4 - 667

PROPERTY TAXES

ZONING

Zoning Code R-63 (Multifamily)
  • Listing ID: 18813786

  • Date on Market: 3/10/2020

  • Last Updated:

  • Address: 903 N 20th St, Richmond, VA 23223