Log In/Sign Up
Your email has been sent.
2810 Griffin Ave 4 Unit Apartment Building $985,000 ($246,250/Unit) 6.63% Cap Rate Richmond, VA 23222
Executive Summary
The “Legend RVA” — Turnkey Mid-Term Rental 4-Plex (2024)
AGENT COMMISSION POLICY: Seller pays 0% commission. Buyer’s Agents are welcome, but your fee must be added to the sales price or paid by Buyer.
• Furnished for Revenue: Two units fully furnished, two semi-furnished (TVs/monitors supplied), purpose-built for corporate housing, relocation, and remote work tenants.
• Outperforms Local Comparables: Revenue and occupancy projections exceed historic quads in Church Hill, Carytown, The Fan, and the Museum District.
• Modern Systems & Design: Schlage Encode WiFi locks, Smart Home Assistants, Dimplex Revillusion fireplaces, curated art collection for boutique hotel-style ambiance.
• Amenities: 600+ sq ft concrete patio with fire pit and grill, vinyl privacy fencing for exclusive resident use.
• Business Platform & Deal Structure: Sale can include turnkey digital platform — fully branded website, direct-booking engine, established social media presence.
• Note on Furnishings (FF&E): To ensure clean financing and appraisal, furniture, fixtures, equipment, custom art, and branding assets will be conveyed via a separate Bill of Sale (negotiable).
• Occupancy & Showings (Strict Protocol): Property is fully occupied. Do not disturb tenants.
1. Video First: Full walkthrough videos available immediately upon request.
2. Physical Access: Granted ONLY after review of video and submission of Proof of Funds/Pre-Approval.
Note: Unscheduled visits or tenant disruption will result in disqualification.
AGENT COMMISSION POLICY: Seller pays 0% commission. Buyer’s Agents are welcome, but your fee must be added to the sales price or paid by Buyer.
• Furnished for Revenue: Two units fully furnished, two semi-furnished (TVs/monitors supplied), purpose-built for corporate housing, relocation, and remote work tenants.
• Outperforms Local Comparables: Revenue and occupancy projections exceed historic quads in Church Hill, Carytown, The Fan, and the Museum District.
• Modern Systems & Design: Schlage Encode WiFi locks, Smart Home Assistants, Dimplex Revillusion fireplaces, curated art collection for boutique hotel-style ambiance.
• Amenities: 600+ sq ft concrete patio with fire pit and grill, vinyl privacy fencing for exclusive resident use.
• Business Platform & Deal Structure: Sale can include turnkey digital platform — fully branded website, direct-booking engine, established social media presence.
• Note on Furnishings (FF&E): To ensure clean financing and appraisal, furniture, fixtures, equipment, custom art, and branding assets will be conveyed via a separate Bill of Sale (negotiable).
• Occupancy & Showings (Strict Protocol): Property is fully occupied. Do not disturb tenants.
1. Video First: Full walkthrough videos available immediately upon request.
2. Physical Access: Granted ONLY after review of video and submission of Proof of Funds/Pre-Approval.
Note: Unscheduled visits or tenant disruption will result in disqualification.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $985,000 | Building Class | C |
| Price Per Unit | $246,250 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 3,400 SF |
| Cap Rate | 6.63% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1916/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R6 - R6 - Non Conforming Use | ||
| Price | $985,000 |
| Price Per Unit | $246,250 |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1916/2024 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | R6 - R6 - Non Conforming Use |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Wi-Fi
- Grill
- Double Pane Windows
- Handrails
- Patio
- Porch
- Large Bedrooms
Site Amenities
- Fenced Lot
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,850 | 750 - 804 |
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | N000-0775-009 | Improvements Assessment | $154,000 |
| Land Assessment | $105,000 | Total Assessment | $259,000 |
Property Taxes
Parcel Number
N000-0775-009
Land Assessment
$105,000
Improvements Assessment
$154,000
Total Assessment
$259,000
1 of 55
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Legend RVA
2810 Griffin Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.