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Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,496 sqft
Price per Sqft $204
Subdivision Richmond & Manchester Land Crp
MLS Listing ID 2319760
Sold Date 10/16/23
Style Two Story
Construction Status Actual
HOA Y/N No
Year Built 1916
Annual Tax Amount $4,824
Tax Year 2023
Lot Size 4,477 Sqft
Acres 0.1028
Property Description
Renovated Quadplex down the street from the epicenter of booming Manchester. Solid income producing multi-family investment property perfect for the investor looking for a stabilized, turnkey asset. Enviable cash flow with very attractive numbers for this market with very little upkeep, as building was renovated in 2019. TPO roof installed 2021. Each unit has freshly painted interior, new HVAC mini split systems throughout, new electric water heaters, and new vinyl replacement windows, new stack washer/dryers installed in 2019. The renovation has another 7 years left on the City of Richmond tax abatement program and this will transfer to the next owner, saving on operating expenses. Tons of renovation and improvements taking place on the street and in the neighborhood, get in now!
Location
State VA
County Richmond City
Community Richmond & Manchester Land Crp
Area 50 - Richmond
Rooms
Basement Crawl Space
Interior
Window Features Thermal Windows
Appliance Electric Water Heater, Water Heater
Exterior
Fence None
Waterfront No
Roof Type Other
Porch Rear Porch, Front Porch
Parking Type Off Street
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Structure Type Brick,Frame,Plaster,Stucco
Construction Status Actual
Schools
Elementary Schools Blackwell
Middle Schools Thompson
High Schools Armstrong
Others
Tax ID S000-0231-004
Ownership Individuals
Financing Conventional
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Bought with Keller Williams Realty
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