3203 Ellwood Ave - Apartments FOR SALE


Richmond, VA 23221- Carytown
$1,025,000 USD
804-307-4060
3203 Ellwood Ave, Richmond, VA for Sale
$1,025,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

3203 Ellwood Ave
Richmond, VA 23221
Carytown


HIGHLIGHTS

  • Four (4) 1 bed/1 bathroom apartments
  • Opportunity for both investors or owner occupants
  • Recently renovated
  • Separately metered

OVERVIEW

Located in the heart of Richmond’s vibrant Carytown district, 3203 Ellwood Avenue is a charming quadplex that presents a fantastic opportunity for both investors and owner-occupants. This fully renovated property features four one-bedroom apartments, each thoughtfully updated to combine modern comfort with timeless style. With renovations complete, two of the four units are already leased at $1,499 per month, offering immediate income potential. The property is separately metered for all utilities, ensuring tenants are responsible for their own usage. Nestled in Carytown, known for its eclectic boutiques, renowned dining scene, and bustling entertainment options, 3203 Ellwood Avenue offers unparalleled access to one of Richmond's most desirable neighborhoods. Don’t miss the chance to own a turnkey investment in this thriving location.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

4

PRICE/UNIT

$256,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,134 SF

ZONING

R-48

APN/PARCEL ID

W000-1454-012

ASK ABOUT THIS PROPERTY

Justin SleddOne South CommercialMore Info
804-307-4060

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Justin SleddOne South CommercialMore Info
804-307-4060

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