Looking for that Value- Add property in the Richmond area? With this opportunity of a 20-unit apartment, multi-family property (10 bottom level, and 10 upper level with vaulted ceilings). Great for a 1031 Investment property, and or private or off-market investors. Come see this opportunistic and well positioned property, close to the Shockoe Bottom area, VCU area, I-95 interchange. Both short- and long-term tenants with average leases for $1250.00 per month. Owner currently making additional upgrades to units, with upper units having spacious vaulted ceilings. This investors portfolio is an opportunity to increase current growth, and revenue, and over time increase future leases. This gives any investor or owner the immediate cash flow that is needed for stabilization, and the growth potential through renovations and rent adjustments. On site parking and on street parking with some additional parking on the side of the property. With investment opportunities to continue to invest on internal and exterior updates, this property can be a strong candidate for increased NOI and future appreciation, and refinancing opportunities. Immediate area has blend of improved rentals, and properties that are maintained by the City of Richmond. Offering an opportunity for short- and long-term investors, and improved potential for property management all of which can offer increased income, reduced expenses, and long-term tenants for this property. Units have a mixture of window units, central air, vaulted ceilings for different unit layouts.

Last Updated	10/3/2025	Tract	Howards Grove
Year Built	1967	Community	10 - Richmond
County	Richmond City

SCHOOLS

Elementary School	Woodville
Jr. High School	Martin Luther King Jr.
High School	Armstrong

Additional Details

APPLIANCES	Electric Water Heater
AREA	10 - Richmond
CONSTRUCTION	Frame, Vinyl Siding
INTERIOR	Cathedral Ceiling(s), Eat-in Kitchen
LOT	0.5937 acre(s)
LOT DESCRIPTION	Corner Lot
PARKING	Alley Access, On Street
SEWER	Public Sewer
STORIES	2
STYLE	Low Rise, Two Story
SUBDIVISION	Howards Grove
TAXES	13788
WATER	Public
ZONING	R-53

Location

 

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