This property is Off-Market

3920 Chamberlayne Ave
Richmond, VA 23227 ·

54 Units · Multifamily For Sale

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Abbey Square Apartments

Price N/A Property Use Type Investment
No. Units 54 No. Stories 2
Building Size 23,840 SF Year Built 1973
Property Type Multifamily Parking Ratio 1 / 1,000 SF
Property Sub-type Garden/Low-Rise
Listing ID: 18481394 Date Created: 12/12/2013 Last Updated: 08/06/2014

Description

Motivated seller. New roof, newly paved and striped parking lot, true turn key investment for absentee owner.

Abbey Square is located at 3918 and 3920
Chamberlayne Ave, Richmond, VA. This location
is proximate to Richmond' s Central Business
District, Virginia Commonwealth University's
Monroe Park economic campus, VCU medical
center and hospitals, Virginia Union University,
Richmond' s City Hall, the State Capitol complex
of Virginia and the Broad Street corridor.
The apartments consist of 2 buildings both 2
story with all units being 1 bedroom, 1
bathroom, kitchen, dining area and living room,
with the exception of 4 studio apartments. The
market rents are $495-$595 per month which
includes heat (gas, radiator) hot and cold water
and trash pick up. The tenants pay electric.
There are through-the-wall electric A/C units in
each apartment. Brick exterior, vinyl
replacement windows throughout, and a tar and
gravel roof. Each unit has carpet and tile, some
with slate tile.

Laburnum submarket, north side of Richmond.

Highlights

  • 95% occupancy
  • 54 units
  • +14% cash on cash return!
  • motivated seller
  • New roof
  • Newly paved and striped parking lot

Research

3920 Chamberlayne Ave, Richmond, VA 23227 (Henrico County)

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