CALL FOR OFFERS DUE 5PM ET FEBRUARY 20, 2020
ONE SOUTH COMMERCIAL is pleased to present the Broad Street Lofts at 709-713 West Broad Street in Richmond, Virginia. The property is a fully stabilized mixed-use listing located on the doorstep of Virginia Commonwealth University. The property is comprised of 16 Class A apartments and 617 square feet of leased commercial retail space.
Residential unit amenities include air conditioning, dishwasher, stainless steel appliances, granite countertops, and washer/dryer. In addition, recent capital improvements to the building include new door systems, network security camera system, low flow plumbing upgrades, and LED lighting retrofit in the common areas. With an extremely rare feature for properties in this area of W Broad St, ten off-street parking spaces are also located at the rear of the building in a lot with alley access.
Ideal for student residents, the Broad Street Lofts is located along Richmond’s most prominent thoroughfares and adjacent to Virginia Commonwealth University’s Monroe Park Campus and one block from the Institute of Contemporary Art. With a 95 Walk Score®, tenants not only have quick access to the VCU campus but also to the busy commercial area along this stretch of W Broad Street featuring numerous, shops, restaurants, and markets. Efficient public transportation is also available on GRTC’s Pulse Bus Rapid Transit system.
Beautifully renovated and meticulously maintained, this listing offers a high yield opportunity for a buyer looking to invest in the fast growing student multifamily market in Richmond.
