401 E Brookland Park BLVD Active Save Request In-Person Tour Request Virtual Tour
Richmond,VA 23222
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2510457
Year Built 1967
Lot Size 1.000 Acres
Property Description
Exceptional Investment Opportunity – 26-Unit Multifamily Property! Discover the potential of this all-brick multifamily complex, featuring 26 units comprised of 18 spacious 2-bedroom, 1-bath apartments and 8 efficient 1-bath studio units. Six units have been recently renovated and are rent-ready—perfect for immediate cash flow! With newer vinyl windows and a durable brick exterior, this property offers low-maintenance ownership and long-term value. Market rents are strong, with efficiency units projected at $1,000/month and 2-bedroom units at $1,200/month, giving this property significant upside potential. Current monthly rental income stands at $14,572, leaving plenty of room to increase revenue as more units are updated and leased at market rates. Don't miss your chance to invest in a high-potential asset with solid fundamentals and room to grow. Contact us today to schedule your private tour!
Location
State VA
County Richmond City
Area 30 - Richmond
Building
Story 2