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21 E Leigh St
Richmond, VA 23219
Washington Plaza Apartments · Multifamily Property For Sale
·
28 Units
Executive Summary
Originally constructed in 1872, the approximately 23,976-square-foot building holds a revered place in regional history as the site of the Booker T. Washington
School, the very first public school building designated for African American children in the city. Masterfully converted into modern senior housing, this
defensive, income-restricted asset serves a rapidly growing 55+ demographic within a vibrant, supply-constrained submarket minutes from VCU Health System,
the Richmond Convention Center, and downtown employers.
School, the very first public school building designated for African American children in the city. Masterfully converted into modern senior housing, this
defensive, income-restricted asset serves a rapidly growing 55+ demographic within a vibrant, supply-constrained submarket minutes from VCU Health System,
the Richmond Convention Center, and downtown employers.
Property Facts
| Sale Type | Investment | Building Size | 23,976 SF |
| No. Units | 28 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1872/2009 |
| Apartment Style | Low-Rise | Parking Ratio | 1.25/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.51 AC | ||
| Zoning | R-6 | ||
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 23,976 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built/Renovated | 1872/2009 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-6 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Ice Maker
- Refrigerator
- Range
Site Amenities
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $876.00 | 491 |
| 2+2 | 8 | $996.00 | 701 |
Property Taxes
| Parcel Number | N000-0078-006-B | Improvements Assessment | $890,000 |
| Land Assessment | $510,000 | Total Assessment | $1,400,000 |
Property Taxes
Parcel Number
N000-0078-006-B
Land Assessment
$510,000
Improvements Assessment
$890,000
Total Assessment
$1,400,000
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