MichaelKane
MLS#2615177
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
**RICHMOND's BEST BUY** Value-add opportunity in Richmond (23223). This 20-unit apartment complex is the perfect property for any experienced investor. This is an easy BRRR. This property consists of 5 buildings, each a QUAD, with 2 upstairs units with vaulted ceilings, and 2 downstairs units. All units are all electric. Owner pays for water, sewer and trash, tenants pay for electric. All units are 20beds, 1-bath and are around 744 sq ft each. Units have forced hot air electric, and window AC units. There are currently 12 units rented, 6 units ready to rent, and 2 down units used for storage... Units rent in current condition at $1250 per month. With upgrades, rents can easily be $1500-$1900 per unit, depending on upgrades and finished. Property needs some basics, landscaping, fencing, driveway reclamation and overall cleanup. Interiors need basics as well like fresh flooring, cabinets, painting and counter tops. Easy place to upgrade to granite as kitchens are small and open. The largest upgrades would be to heating and cooling systems down the road as they expire. Value add opportunity, with 6 available units to rent, immediate added value of 7K per month as is, just need to rent them out. With basic cosmetics, can double the present monthly income in very little time. This one is worth taking a look at, nothing else on the market like it. Drive by and take a look today.
Property Features
Property Type: Commercial - Business
Cooling: Window Unit(s)
Heating: Electric, Forced Air
Home Style: Garden Home
Lot Size: 0.59 Acres
Roof Type: Shingle
Stories: 2.0
Year Built: 1967
Feature Descriptions
Building Features: Multi-Tenant, No Elevators
Days on Site: 47
Exterior: Metal Siding, Vinyl Siding
Lot: Level
Parcel#: E000-0604-015
Sewer: Public Sewer
Topography: Level
Water: Public
Listed By / Shown By
Listed By
Agency Name: Weichert Brockwell & Associate
Shown By
Agent Name: Michael Kane
Agent Phone: (804) 551-1920
Agency Title: Kane Company Realty
Licensed Real Estate Firm and Agents in the Commonwealth of Virginia.
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/21/2026. The listing information on this page last changed on 07/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 07/21/2026 12:41:13 AM EST) or CVRMLS (last updated Tue 07/21/2026 12:38:33 AM EST). Real estate listings held by brokerage firms other than Kane Company Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.These real estate listings were derived from the Central Virginia Regional Multiple Listing Service, LLC, of which this brokerage is an independently owned Participant. The information contained in these listings is deemed reliable but is not guaranteed. All MLS listings are © 2026 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved. No one may copy and/or repost these MLS listings, or any portion thereof, without the written permission of an authorized officer of the Central Virginia Regional Multiple Listing Service, LLC. These listings are refreshed within a minimum of every seven calendar days. Thus, listings may appear here for properties no longer on the market. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing or leasing.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
1401 Coalter Street | MLS# 2615177
This commercial property located at 1401 Coalter Street, Richmond, VA 23223 is currently listed for sale with an asking price of $2,398,900. Search Richmond real estate on michaelkane.kanecompanyrealty.com today.