1. Virginia
2. Richmond
3. 1010 Park Ave

1010 Park Ave, Richmond, VA 23220

• 4,878 sqft

Property Description

AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 10 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,805 and has been owned for many years with 100% occupancy. With three dedicated parking spaces, high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps from all of the amenities the FAN has to offer.

Listing Status:

Active

Listing Office:

The Mueller Group LLC : (804) 748-5547

Listing Agent:

Teresa Mueller : (202) 306-2674

MLS ID:

2525664

Interior

• General: Eat-in KitchenGranite CountersHigh CeilingsHigh Speed InternetKitchen IslandRecessed LightingCable TVWired for Data
• Appliances: Electric Water Heater
• Laundry: Washer HookupDryer HookupStacked
• Basement: Full

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Teresa Mueller, The Mueller Group LLC