3920 Chamberlayne Ave, Richmond, VA, 23227 - Available for Sale

Multifamily For Sale

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Abbey Square Apartments

3920 Chamberlayne Ave, Richmond, VA 23227

$1,590,000

54 Units | Multifamily

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Multifamily Property For Sale

Price:
$1,590,000
No. Units:
54
Building Size:
23,840 SF
Price/Unit:
$29,444.44
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Occupancy:
95%
No. Stories:
2
Year Built:
1973
Parking Ratio:
1 / 1,000 SF
Listing ID
18481394
Last Updated
7 days ago

Find Out More...

Highlights

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

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.

Financial Summary

Unit Mix Information

Debt & Equity Information

  • Actual
  • 2013
  • $353,112
  • $333,164
  • $184,760
  • $132,204
  • $50,264

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

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

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  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Contact Listing Broker to find out more details.

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Jay Sloan
Jay Sloan

Investment sales

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License #0225100030

Asking Price Index Trends for Richmond, VA Multifamily For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$62,037-1.8%-6.9%

View Richmond Market Trends for other property types for sale or lease. Learn more about the chart info.

Abbey Square Apartments
  • Multifamily
  • $1,590,000
  • 54 Units
  • 23,840 SF