1012 Park AVE Active Save Request In-Person Tour Request Virtual Tour
Richmond,VA 23220
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,283 sqft
Price per Sqft $302
MLS Listing ID 2525663
Style Tri-Level
Year Built 1910
Annual Tax Amount $13,164
Tax Year 2025
Lot Size 2,657 Sqft
Property Sub-Type Quadruplex
Property Description
AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 11 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,835 and has been owned for 19 years with 100% occupancy. With high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps from all of the amenities the FAN has to offer.
Location
State VA
County Richmond City
Area 10 - Richmond
Interior
Laundry Washer Hookup,Dryer Hookup,Stacked
Exterior
Fence None
Roof Type Metal
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick,Drywall
Schools
Elementary Schools Fox
Middle Schools Dogwood
High Schools Thomas Jefferson