1401 Coalter ST new Save Request In-Person Tour Request Virtual Tour
Richmond,VA 23223
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,899 sqft
Price per Sqft $161
Subdivision Howards Grove
MLS Listing ID 2527845
Style Two Story,Low Rise
Construction Status Actual
HOA Y/N No
Year Built 1967
Annual Tax Amount $13,788
Tax Year 2025
Lot Size 0.594 Acres
Acres 0.5937
Property Sub-Type Multi Family
Property Description
Looking for that Value- Add property in the Richmond area? With this opportunity of a 20-unit apartment, multi-family property (10 bottom level, and 10 upper level with vaulted ceilings). Great for a 1031 Investment property, and or private or off-market investors. Come see this opportunistic and well positioned property, close to the Shockoe Bottom area, VCU area, I-95 interchange. Both short- and long-term tenants with average leases for $1250.00 per month. Owner currently making additional upgrades to units, with upper units having spacious vaulted ceilings. This investors portfolio is an opportunity to increase current growth, and revenue, and over time increase future leases. This gives any investor or owner the immediate cash flow that is needed for stabilization, and the growth potential through renovations and rent adjustments. On site parking and on street parking with some additional parking on the side of the property. With investment opportunities to continue to invest on internal and exterior updates, this property can be a strong candidate for increased NOI and future appreciation, and refinancing opportunities. Immediate area has blend of improved rentals, and properties that are maintained by the City of Richmond. Offering an opportunity for short- and long-term investors, and improved potential for property management all of which can offer increased income, reduced expenses, and long-term tenants for this property. Units have a mixture of window units, central air, vaulted ceilings for different unit layouts.
Location
State VA
County Richmond City
Community Howards Grove
Area 10 - Richmond
Direction Fairfield Avenue to Mechanicsville Turnpike, then take a right at light of Littlepage St. Property is at the corner of Coalter St., and little page street.
Interior
Interior Features Cathedral Ceiling(s),Eat-in Kitchen
Appliance Electric Water Heater
Exterior
Fence None
Roof Type Asphalt
Garage No
Building
Lot Description Corner Lot
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Two Story,Low Rise
Level or Stories Two
Structure Type Drywall,Frame,Vinyl Siding
Construction Status Actual
Schools
Elementary Schools Woodville
Middle Schools Martin Luther King Jr.
High Schools Armstrong
Others
Tax ID E000-0604-015
Ownership Individuals