1401 Coalter St 20 Unit Apartment Building $2,398,900 ($119,945/Unit) 13.17% Cap Rate Richmond, VA 23223

Value Add Investment Opportunity in Richmond, VA.: 20-Unit Apartment Complex. Discover this well-positioned 20-unit multifamily property, it provides a solid mix of both long-term tenants, and newer short-term tenants with newer leases of $ 1250.00, providing both stable cash flow, and room for income growth. With a Mix that includes several partial vaulted ceilings, adding to the architectural appeal and tenant desirability. A healthy tenant mix ensures ongoing revenue, and immediate upside potential through modest renovations and rent adjustments. With ample parking of 20+ parking spaces available on site and surrounding the property for residents and guests. Opportunities for interior updates and exterior enhancements, positioning this property as a strong candidate for increased NOI and future appreciation. Located across from a property managed by the Richmond Redevelopment Housing Authority, which is very well maintained by the City of Richmond located in an area poised for continued growth, making this an excellent long-term investment with strong rental demand and growth. Whether you're an investor seeking steady returns or buying for potential upside, this asset offers a balanced blend of income, location, and opportunity. Contact Ken Byers 804-919-4444 or Matt Smith 804-366-0200