For Sale
$399,000

913 35Th St Richmond, VA 23223

Richmond, VA multifamily value-add.

Overview

Added:
Dec 11, 2024
Days on market:
134
This charming two-unit apartment building in Richmond's Church Hill neighborhood presents a compelling value-add investment opportunity. Built in 1915, this two-story property boasts 2,260 square feet on a 0.129-acre lot (APN: E0001110018) and is zoned R-5. Each unit features two bedrooms and one bathroom, updated kitchens, in-unit laundry, and central air conditioning. Classic hardwood floors throughout add to the property's character. Currently, one unit is rented at $1,450 per month (lease expiring 1/31/25), while market rent for both units could reach $1,650 per month. The property also includes a large backyard, offering potential for off-street parking, and a sizable storage shed. The building's 50% occupancy provides immediate rental income and significant upside potential for increased returns. Located in the desirable Church Hill neighborhood, known for its historic charm, vibrant dining scene, and beautiful parks, this property offers a blend of income generation and potential for appreciation. This is a rare opportunity to acquire a well-located multifamily property in a thriving Richmond neighborhood. The property's strong fundamentals and location make it an ideal investment for both seasoned investors and those new to the market.

Highlights

  • Charming 2-unit, 2,260 sq ft building in Richmond's Church Hill neighborhood.
  • Two 2BD/1BA units with updated kitchens, in-unit laundry, and central AC.
  • One unit rented at $1,450/month (lease expires 1/31/25); market rent potential of $1,650/month per unit.

Property Details for 913 35Th St

Property type
Apartment buildings
Square Feet
2,260 SF
Year Built
1915
Buildings
1
Stories
2
Lot Size (sq. ft)
5,619 SF
Units
2

Location Insight

City
Richmond
County
Richmond City
State
Virginia
Latitude
37.5317057
Longitude
-77.404103

FAQs

What type of property is this?
Apartment building - Richmond, VA multifamily value-add.
Where is the apartment building located?
The property is located at 913 35Th St Richmond, VA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Charming 2-unit, 2,260 sq ft building in Richmond's Church Hill neighborhood.; Two 2BD/1BA units with updated kitchens, in-unit laundry, and central AC.; One unit rented at $1,450/month (lease expires 1/31/25); market rent potential of $1,650/month per unit.
How can I contact the broker?
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913 35Th St
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