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2810 Griffin Ave 4 Unit Apartment Building $985,000 ($246,250/Unit) 6.45% Cap Rate Richmond, VA 23222
EXECUTIVE SUMMARY
The “Legend RVA” — Turnkey Mid-Term Rental 4-Plex (2024)
• 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: Property is occupied. Do not disturb tenants. Walkthrough videos available. In-person showings strictly by appointment for qualified buyers only with proof of funds.
• 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: Property is occupied. Do not disturb tenants. Walkthrough videos available. In-person showings strictly by appointment for qualified buyers only with proof of funds.
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 | 6.45% | 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 | 6.45% |
| 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 | 1 | $2,200 | 802 |
| 1+1 | 1 | $2,200 | 804 |
| 1+1 | 1 | $1,500 | 750 |
| 1+1 | 1 | $1,500 | 750 |
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
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Legend RVA
2810 Griffin Ave
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