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7 E Franklin St
Richmond, VA 23219
7 E. Franklin Street · Multifamily Property For Sale
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10 Units
Investment Highlights
- A three-story office building consisting of 8,915 square feet and 19 private offices.
- Located directly in the heart of Monroe Ward, the properties are within walking distance to shops and restaurants in the Lower Fan and Downtown
- This program grants real estate tax abatements for eligible and qualified properties under rehabilitation/renovation
- The Property includes a partially finished basement— suitable for additional office space, and a unique “carriage house” consisting of 1,600 square ft
- The Property has approved plans for a conversion into nine residential units
- The tax exemption is equal to the difference between the increase in assessed value resulting from the substantial rehabilitation
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Individual Locking Bedrooms
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Number | W000-0082-004 | Improvements Assessment | $817,000 |
| Land Assessment | $366,000 | Total Assessment | $1,183,000 |
Property Taxes
Parcel Number
W000-0082-004
Land Assessment
$366,000
Improvements Assessment
$817,000
Total Assessment
$1,183,000
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