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2712 E Leigh St
Richmond, VA 23223
Multifamily Property For Sale
·
8 Units
Investment Highlights
- 8-unit (7 apartments/1 retail) mixed-use building
Executive Summary
Great opportunity to own a fully occupied, recently totally rehabbed (2019), income-generating 8-unit (7 apartments/1 retail) mixed-use building. Each loft type 1-bedroom apartment has a designated parking space in the paved side lot. It's located in the desirable Church Hill district, an area well-known for its historic charm, walkability, dining, and nightlife, and VCU is just minutes away.
Per the City, a rehab tax abatement began in 2021 and runs for 10 years. Per the appraiser, the estimated value after those 10 years is $40000. Tenants must have 48 hours' notice for showings.
Per the City, a rehab tax abatement began in 2021 and runs for 10 years. Per the appraiser, the estimated value after those 10 years is $40000. Tenants must have 48 hours' notice for showings.
Property Facts
| Price Per Unit | $230,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.50% | Building Size | 4,835 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2019 |
| Zoning | R-63 - Residential | ||
| Price Per Unit | $230,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,835 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2019 |
| Zoning | R-63 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Refrigerator
- Handrails
- Loft Layout
- Patio
Property Taxes
| Parcel Number | E000-0480-023 | Improvements Assessment | $902,000 |
| Land Assessment | $159,000 | Total Assessment | $1,061,000 |
Property Taxes
Parcel Number
E000-0480-023
Land Assessment
$159,000
Improvements Assessment
$902,000
Total Assessment
$1,061,000
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