213-215 N 18th St - Apartments FOR SALE


Richmond, VA 23223
$1,695,000 USD
804-266-8831
213-215 N 18th St, Richmond, VA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

213-215 N 18th St
Richmond, VA 23223


HIGHLIGHTS

  • Off street parking
  • Prime downtown location - close to VCU medical center & VA State Capital campus
  • Rent upside potential
  • Highly walkable
  • Two (2) parcels

OVERVIEW

One South Commercial is pleased to offer for sale 213-215 N 18th Street, a nine-unit multi-family property located just blocks away from both VCU Medical Center and the Virginia State Capitol Campus. The property provides a blend of 2-bedroom and 1-bedroom units and a detached single-family home in the rear with a 2-bed/2 bath layout including a 3-bay garage. All units have modern finishes to complement the historic portions of the property. All tenants enjoy off-street parking as well as a short walk to many of Shockoe Bottom’s popular boutiques, restaurants and coffee shops. The property provides a future investor rental upside as reflected in the included pro-forma given its prime location and large unit size. Additionally, the B-5 zoning allows for the potential of short term furnished rental opportunities. 213-215 N 18th Street is an excellent opportunity for an investor looking to expand their portfolio or enter the Richmond market with a splash.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

9

PRICE/UNIT

$188,333

CAP RATE

Request Cap Rate

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

& 213 Rear North 18th Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1850

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

B-5

APN/PARCEL ID

E000-0161-030,E000-0161-034

ASK ABOUT THIS PROPERTY

Isaac WeintzOne South CommercialMore Info
804-266-8831

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Isaac WeintzOne South CommercialMore Info
804-266-8831

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.