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Value Add Quadplex 1 & 3 South Vine Street 4 Unit Apartment Building $815,000 ($203,750/Unit) Richmond, VA 23220



INVESTMENT HIGHLIGHTS
- Four (4) units - two (2) parcels
- Off street parking
- Sold as-is
- 2 BD / 1 BA layouts
- Value add potential
EXECUTIVE SUMMARY
1 and 3 S Vine Street, two side by side duplexes located in the heart of Richmond's Fan Neighborhood just blocks away from VCU and many neighborhood restaurants and shops. The units consist of 2 bedrooms and 1 bathroom with open concept kitchen and living spaces. Additionally, tenants can enjoy off-street parking and outdoor balcony space. Currently, two units are occupied with the other two ready for value-add improvements that will allow the next owner to maximize the location and obtain top market rents between $1700-$1750 per month per unit. Do not miss the opportunity to redefine this quadplex property in one of Richmond's most prime historic neighborhoods.
Property is sold AS-IS.
Property is sold AS-IS.
PROPERTY FACTS Under Contract
| Price | $815,000 | Building Class | C |
| Price Per Unit | $203,750 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 2,812 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | B-7 | ||
| Price | $815,000 |
| Price Per Unit | $203,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,812 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | B-7 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (85)
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Value Add Quadplex | 1 & 3 South Vine Street
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