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Key Details
Sold Price $490,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,250 sqft
Price per Sqft $93
Subdivision Acreage
MLS Listing ID 2303843
Sold Date 04/11/23
Style Colonial,Two Story,Low Rise
Construction Status Actual
HOA Y/N No
Year Built 1966
Annual Tax Amount $2,077
Tax Year 2022
Lot Size 0.345 Acres
Acres 0.345
Property Description
A great opportunity to acquire a 5 unit apartment building each with 2 bedrooms, 1 full bath and just over 1,000SF of living area. Minutes from downtown Richmond and I-64 and I-95 this is a great location with easy access to the interstates, shopping, downtown, Mechanicsville and more. Enjoy a larger parcel with a paved driveway and parking area, low maintenance brick exterior. Each unit is separartly metered for power but share water/sewer/trash which runs about $350 a month. 4 of the 5 units have been renovated, the 5th unit is in the process of being worked on. Current rents at $925 a month are a touch low and could easily be improved. This would be a great opportunity to acquire and gradually increase cash flows in a stable area with county taxes!
Location
State VA
County Henrico
Community Acreage
Area 42 - Henrico
Direction From W Laburnum Ave, Right on Bolling Rd. Property is on the Left.
Interior
Interior Features Ceiling Fan(s), Dining Area, Eat-in Kitchen, Laminate Counters, Cable TV
Laundry Washer Hookup, Dryer Hookup
Exterior
Exterior Feature Paved Driveway
Fence None
Waterfront No
Roof Type Pitched,Shingle
Parking Type Driveway, Off Street, Paved, On Street
Garage No
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Colonial, Two Story, Low Rise
Level or Stories Two
Structure Type Brick,Drywall,Wood Siding
Construction Status Actual
Schools
Elementary Schools Ratcliffe
Middle Schools Douglas Wilder
High Schools Henrico
Others
Tax ID 804-733-3365
Ownership Corporate
Financing Cash
Special Listing Condition Corporate Listing
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Bought with United Real Estate Richmond
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