3230 W Grace St - Apartments FOR SALE


Richmond, VA 23221
$1,195,000 USD
804-307-4060
3230 W Grace St, Richmond, VA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

3230 W Grace St
Richmond, VA 23221


HIGHLIGHTS

  • Musuem District
  • Walk to Scott's Addition
  • Off street parking
  • Fully leased
  • Mini split AC

OVERVIEW

Nestled in the heart of Richmond’s prestigious Museum District, 3230 W Grace Street offers an exceptional living experience. This charming property features six well-appointed 1-bedroom/1-bathroom apartments, each equipped with modern mini-split AC systems and the convenience of onsite laundry facilities. Strategically located at the corner of West Grace and Tilden, residents benefit from ample on-street parking as well as several dedicated off-street parking spaces. The property’s prime location ensures high accessibility to the vibrant Scott’s Addition, known for its plethora of restaurants and cafés, creating a lively and convenient lifestyle. Cultural enthusiasts will appreciate the proximity to two world-class museums, while commuters will find the GRTC Pulse just a few blocks away, providing seamless connectivity throughout the city. With a strong history of high occupancy and low tenant turnover, this property represents a stable and lucrative investment opportunity. The demand for such desirable apartments significantly exceeds supply, promising continuous appreciation in value. As the neighborhood continues to flourish, investing in 3230 W Grace Street guarantees a resilient and rewarding asset.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,167

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-6

APN/PARCEL ID

W000-1480-035

ASK ABOUT THIS PROPERTY

Justin SleddOne South CommercialMore Info
804-307-4060

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Justin SleddOne South CommercialMore Info
804-307-4060

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