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3117 Meadowbridge RdRichmond, VA 23222

14-unit apartment building, high occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 14-unit apartment building, located at 3117 Meadowbridge Rd in Richmond, VA (zip code 23222), presents a compelling investment opportunity. The property encompasses 11,304 square feet on a 0.322-acre lot and is designated by APN N0001156010. The two-story building features fourteen two-bedroom, one-bathroom garden-style apartments, currently boasting a 90% occupancy rate. Each unit includes a spacious living room and galley kitchen. Residents enjoy the convenience of onsite laundry facilities and approximately 10 off-street parking spaces. The property is zoned RO-2. Situated in Richmond's Northside, this location benefits from a revitalized neighborhood experiencing significant single-family home redevelopment and a resurgence of nearby commercial retail activity. The existing below-market rents offer potential for increased revenue. This property represents a strong investment in a thriving area with significant upside potential. The building consists of one structure.

Highlights

  • Two-bedroom floor plans available.
  • Located in Richmond's desirable Northside neighborhood.
  • Offering below-market rental rates.
  • Features off-street parking.
  • Includes on-site laundry facilities.

Property Details for 3117 Meadowbridge Rd

Property type
Apartment buildings
Square Feet
11,304 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
14,026 SF
Units
14

Location Insight

City
Richmond
County
Richmond City
State
Virginia
Latitude
37.574099
Longitude
-77.4205083
3117 Meadowbridge Rd, Richmond, Virginia

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3117 Meadowbridge Rd
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