1207 W 47th St Richmond, VA $ 2,375,000
1207 W 47th St
$ 2,375,000
Recently Listed

1207 W 47th St Richmond, VA, 23225

$ 2,375,000
Bedrooms Baths0.0 Sq 13,920

Monthly Estimate*

$ 9,492

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Commercial Property for sale in Richmond, VA

for $2,375,000. This 13,920 square foot building was built in 1940 on a lot size of 0.5200 Acre(s).

One South Commercial is pleased to present for sale the Parkway Apartments at 1207 & 1209 W 47th Street. Located in Richmond's Forest Hill Terrace neighborhood, this listing is a fully renovated multifamily property. The eighteen unit apartment building consists of nine 2B/1B units, eight 2B/2B units and one 1B/1B unit. Among the many residential amenities are included water/trash utilities, onsite laundry, and pre-wiring for FiOS. Off-street parking is also provided in an area at the rear of the building. 2015 Renovation and 100% Occupancy - In addition to having a history of 100% occupancy, the property underwent a complete historic tax credit renovation in 2015 including HVAC, plumbing, electrical, kitchens, bathrooms, flooring, and windows. The current rental rates are well below market and there is significant room for increases. This factor, its record of full occupancy, and the property's recent renovation make the fully stabilized Parkway Apartments an excellent opportunity for a buyer looking to invest in this burgeoning submarket of South Richmond.

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Commercial Active

Price

$ 2,375,000

Property Type

Commercial

Lot Size

0.5200 Acre(s)

Year Built

1940

Town/City

Richmond

County/Region

Richmond City

MLS | Web ID

1907483

Features
Interior
Cooling System Central Air Heat Pump
Sewer Sanitary
Water Source Community Water
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Exterior
Lot Description Level/Flat
Road Frontage City Street
Roof Slate
Siding Brick
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* Excluded Features
List By
Thomas E Rosman

Listing Agent

One South Realty Group, Llc

Broker


Affordability

$ 9,492 per month
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Monthly Principal & Interest
$9,492
Monthly Property Taxes
--
Monthly Home Insurance
--

Default based on a 30-year fixed rate of 4.38% 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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1207 W 47th St, Richmond, VA, 23225 is a Commercial Property for sale at $2,375,000 with 13,920 sqft and a lot size of 0.5200 Acre(s). 1207 W 47th St has 0.0 baths and was built in 1940. The property's zip code is 23225 which is in Richmond, VA