903 N 20th St
Richmond, VA 23223
Multifamily Property For Sale · 4 Units
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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
Parcel Number | E000-0420-015 | Improvements Assessment | $316,000 |
Land Assessment | $88,000 | Total Assessment | $404,000 |
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
The Fairmount Multifamily Property at 903 N 20th St, Richmond, VA 23223 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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