MichaelKane
MLS#2510457
STATUSPending
PROPERTY TYPECommercial - Business
Property Description
Exceptional Investment Opportunity - 26-Unit Multifamily Property! Discover the potential of this all-brick multifamily complex, featuring 26 units comprised of 18 spacious 2-bedroom, 1-bath apartments and 8 efficient 1-bath studio units. Six units have been recently renovated and are rent-ready-perfect for immediate cash flow! With newer vinyl windows and a durable brick exterior, this property offers low-maintenance ownership and long-term value. Market rents are strong, with efficiency units projected at $1,000/month and 2-bedroom units at $1,200/month, giving this property significant upside potential. Current monthly rental income stands at $14,572, leaving plenty of room to increase revenue as more units are updated and leased at market rates. Don't miss your chance to invest in a high-potential asset with solid fundamentals and room to grow. Contact us today to schedule your private tour!
Property Features
Property Type: Commercial - Business
Lot Size: 1.00 Acres
Stories: 2.0
Year Built: 1967
Feature Descriptions
Building Features: Multi-Tenant, No Elevators
Days on Site: 359
Parcel#: N000-0898-030
Listed By / Shown By
Listed By
Agency Name: River City Elite Properties
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.
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401 E Brookland Park Boulevard | MLS# 2510457
This commercial property located at 401 E Brookland Park Boulevard, Richmond, VA 23222 is currently listed for sale with an asking price of $2,500,000. Search Richmond real estate on michaelkane.kanecompanyrealty.com today.