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Ginter Park Apartments 3810 Chamberlayne Ave 18 Unit Apartment Building $2,400,000 ($133,333/Unit) Richmond, VA 23227
Investment Highlights
- 18 2BD/1 BA units total
- Ample parking
- Fully leased
- Spacious units
- On-site laundry
Executive Summary
One South Commercial is pleased to present the exclusive listing for 3810 Chamberlayne Avenue.
Fully leased, this brick building is a rare find on Chamberlayne Ave, featuring a total of 18 two bedroom/one bathroom apartments as well as ample parking and laundry onsite. These spacious units consist of upgraded finishes throughout. The strong historical occupancy proves that there is realistic opportunity for obtainable upside on the rents. Located in Richmond’s growing Northside community, the Chamberlayne corridor has become a mainstay for workforce housing residents.
Fully leased, this brick building is a rare find on Chamberlayne Ave, featuring a total of 18 two bedroom/one bathroom apartments as well as ample parking and laundry onsite. These spacious units consist of upgraded finishes throughout. The strong historical occupancy proves that there is realistic opportunity for obtainable upside on the rents. Located in Richmond’s growing Northside community, the Chamberlayne corridor has become a mainstay for workforce housing residents.
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Property Facts
| Price | $2,400,000 | Building Class | C |
| Price Per Unit | $133,333 | Lot Size | 0.54 AC |
| Sale Type | Investment | Building Size | 18,399 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Low-Rise | Parking Ratio | 1.3/1,000 SF |
| Zoning | R-48 | ||
| Price | $2,400,000 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 18,399 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | R-48 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | N000-1899-007 | Improvements Assessment | $1,457,000 |
| Land Assessment | $180,000 | Total Assessment | $1,637,000 |
Property Taxes
Parcel Number
N000-1899-007
Land Assessment
$180,000
Improvements Assessment
$1,457,000
Total Assessment
$1,637,000
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Ginter Park Apartments | 3810 Chamberlayne Ave
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