1. Virginia
  2. Richmond
  3. 1012 Park Ave
$1,600,000

1012 Park Ave, Richmond, VA 23220

  • 5,283 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon2,657sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $303/sqft
  • Property List Date Icon Listed 2 days ago

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 11 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 $9,835 and has been owned for 19 years with 100% occupancy. With 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:
2525663
  • General: Ceiling Fan(s)Double VanityEat-in KitchenHigh CeilingsHigh Speed InternetKitchen IslandRecessed LightingTile CountertopTile CountersCable TVWired for Data
  • Appliances: Electric Water Heater
  • Laundry: Washer HookupDryer HookupStacked
  • Basement: FullFinished

This listing courtesy of Teresa Mueller, The Mueller Group LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

William Fox Elementary School

2300 Hanover Ave, Richmond, VA, 23220

Grades KG-5

0.77 miles away

B

Binford Middle School

1701 Floyd Ave, Richmond, VA, 23220

Grades 6-8

0.37 miles away

R

Richmond Alternative

119 W Leigh St, Richmond, VA, 23220

Grades 6-12

0.79 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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1010 Park Ave, Richmond, VA 23220
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$1,500,000

  • 4,878 sqft |
1010 Park Ave Richmond, VA 23220

#2525664 - The Mueller Group LLC