1716 Summit Ave
Richmond, VA 23230
Hook & Ladder Lofts · Multifamily Property For Sale
·
31 Units
Property Facts
| No. Units | 31 | Building Size | 50,034 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1900/2025 |
| Building Class | B | Parking Ratio | 0.54/1,000 SF |
| Lot Size | 1.21 AC | ||
| Zoning | B-7 | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.21 AC |
| Building Size | 50,034 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2025 |
| Parking Ratio | 0.54/1,000 SF |
| Zoning | B-7 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Wi-Fi
About 1716 SUMMIT AVE , RICHMOND, VA 23230
The Ambience Lofts is a fully stabilized multifamily property centrally located in Richmond’s thriving Scott’s Addition neighborhood. Totaling over 50,000 square feet of finished living area, this historic building features a grand common atrium, interior balconies and onsite parking. All thirty-one of the fully renovated 1, 2 and 3 bedroom apartments include spacious, open floor plans, stainless steel appliances, washer/dryer in unit and polished concrete floors. The property has consistently maintained 100% occupancy and rents are expected to trend upward by 5% annually. Perfectly located, The Ambience Lofts is within walking distance to local restaurants, breweries, coffee shops and more. Easy access to interstates 64, 95, 195 and the Powhite Parkway have resulted in employers choosing to relocate or open new offices in Scott’s Addition. Located in an opportunity zone | Loan is assumable | Please contact listings brokers for asking price
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 1,045 |
| 2+1 | 8 | - | 1,100 |
| 2+2 | 8 | - | 1,200 |
| 3+2 | 8 | - | 1,677 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,000 | |
| Land Assessment | $201,000 | Total Assessment | $202,000 |
Property Taxes
