Northside Multi-Family Investment Opportunity
Located in Richmond’s Northside, this quad features traditional architecture from the 1920’s with brick construction. The large parcel includes a landscaped front yard and a rear yard with a large off-street parking area. The location is ideal with convenient access to Downtown Richmond and Interstates 64 and 95.
Each of the four apartments are two-bedroom/one bath units and runs the length of the building providing natural lighting from windows overlooking both the front and rear yards. All units also include outdoor living spaces on street-facing terraces and rear decks. Other unit amenities include hardwood flooring, baseboard heating, and fully equipped kitchens. All units are separately metered for utilities including electric and water.
2807 Barton Ave has strong historical occupancy and room for rent growth. An investor could assume ownership and immediately benefit from the current cash flow. Alternatively, those willing to do some light renovation would yield a return in substantially increased rental rates. The Northside rental market is quickly growing due to new construction and rising demand. Primed to take advantage of this growth, this listing offers a tremendous opportunity in this emerging neighborhood.
