1503 & 1501 Brook Road Richmond, VA ^$ 995,000

1503 & 1501 Brook Road

^$ 995,000

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1503 & 1501 Brook Road

Richmond, VA, 23220

^$ 995,000

Studio Baths0.0 Sq 3,872

Monthly Estimate*

^$ 6,950

1503 & 1501 Brook Road, Richmond, VA 23220 - Image 1

1503 & 1501 Brook Road, Richmond, VA 23220 - Image 2

1503 & 1501 Brook Road, Richmond, VA 23220 - Image 3

1503 & 1501 Brook Road, Richmond, VA 23220 - Image 4

1503 & 1501 Brook Road, Richmond, VA 23220 - Image 5

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1503 & 1501 Brook Road, Richmond, VA 23220 - Image 7

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1503 & 1501 Brook Road, Richmond, VA 23220 - Image 10

1503 & 1501 Brook Road, Richmond, VA 23220 - Image 11

Studio

Multi-Family Home for sale in Richmond, VA

for $995,000. This 3,872 square foot home was built in 1920.

Great Investment Opportunity in a great location close to two universities, VUU and VCU. Renovated 8 years ago, these 8 apartments are individually metered with Wood and tile floors, Granite countertops, dishwashers, Microwave, Washer & Dryers, Central Air and a fenced back yard. 100% Occupancy makes this a great opportunity for an investor. Tenants have been long term tenants, very little turn over.

Multi-Family Active

Price

^$ 995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,796

Style

Multi Family

Year Built

1920

Town/City

Richmond

County/Region

Richmond City

MLS | Web ID

2404007

Features

General

Sewer PublicSewer

Roof Shingle

Appliances ElectricWaterHeater

Patio/Porch Features FrontPorch

Architectural Style TwoStory LowRise

Security Features ControlledAccess

Construction Materials Brick Drywall

Year Built 1920

Stories 2

Levels Two

Property SubType MultiFamily

Tax Year 2023

Percent Ownership Corporate

County Richmond City

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Northside Place

Garage Y/N N

Status Active

Directions Brook Road just east of the main post office.

High School Thomas Jefferson

Disclosures SellerDisclosure

View Y/N N

Senior Community Y/N N

Zoning Description M-1

Total Units 4

MLS Area 30 - Richmond

Waterfront Y/N N

Carport Y/N N

Street Name Brook

Elementary School Carver

Property Attached Y/N N

Year Built Details Approximate

Land Lease Y/N N

Tax Annual Amount 5796.0

Home Warranty Y/N N

Middle/Junior High School Albert Hill

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 52

Standard Status Active

Occupancy Description Tenant

Tax Assessed Value 483000

Ownership Type Corporation

Interior

Basement CrawlSpace

Total Stories 2

Basement (Y/N) Y

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

Street Suffix Road

Electric On Property Y/N N

Total Baths 0

Exterior

Fencing BackYard Fenced

Parking Features OnStreet

Lot Features CornerLot

Water Source Public

Spa N

Lot Size Units Acres

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

* Excluded Features

List By

Anahita Johnson

Listing Agent

Long & Foster Realtors

Broker

anahita.johnson@longandfoster.com

Affordability Calculator

$7,433

Per Month

Monthly Principal & Interest: $6,950
Monthly Property Taxes: $483
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Richmond, VA

Average List Price ^$669,445

Percent of Sale Price 33%

About Richmond, VA

228,048 Population

15% Since 2002

^$44,360 Median Income

34.76 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1922498 Elementary School

243371 Middle School

Thomas Jefferson High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/24/2024	$995,000	-17.08%	Price Down
3/5/2024	$1,200,000		Listed Price

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1503 & 1501 Brook Road, Richmond, VA, 23220 is a Multi-Family Home for sale at $995,000 with 3,872 sqft. 1503 & 1501 Brook Road is a studio with 0.0 baths and was built in 1920. The property's zip code is 23220 which is in Richmond, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Properties marked with the CVRMLS icon are provided courtesy of Central Virginia Regional Multiple Listing Service, LLC and detailed information about them includes the name of the listing brokers.

The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/28/2024.

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1503 & 1501 Brook Road

Multi-Family Home for sale in Richmond, VA

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