Commercial: MLS #2019223 Richmond, VA $ 950,000
Commercial: MLS #2019223
$ 950,000
Share Save

Commercial: MLS #2019223

Richmond, VA, 23219
$ 950,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 4,530

How much can I afford?
MLS #/Web ID: 2019223 - Image 1

Commercial Property for sale in Richmond, VA

for $950,000. This building was built in 1898 on a lot size of 0.5 Acre(s).

Great investment opportunity consisting of 7 residential condos and 1 commercial space in the heart of Jackson Ward adjacent to popular Hippodrome theater. Each condo and commercial unit are currently rented and bring approximately 5.5% (7.08% for commercial) CAP rate after expenses. Please see excel sheet with details attached. 6 of the condos are efficiency studios offered for $100, 000 each, approximately 430 sq ft each. 1 of the condos is 1bdr/1bath, 1015 sq ft with a loft area available for $170, 000. Monthly HOA due of $150 includes water/sewer/trash and $40/month rental fee for parking at 514 N 2nd St. Commercial unit is located on the 1st level with storefront. It's offered for $180, 000. Portfolio can be purchased as whole or separately. Units are fully occupied with guaranteed annual rental income of $74, 160. Appliances convey. In walking distance to MCV and VCU.

See more

Commercial Active

Price

$ 950,000

Property Type

Commercial

Lot Size

0.5 Acre(s)

Year Built

1898

Town/City

Richmond

County/Region

Richmond City

MLS | Web ID

2019223

Features
Interior
Cooling System Air Conditioning Central Air
Heating System Electric
Water Source Public Water
See more
Exterior
Lot Description Level/Flat
Parking 1-20 Covered Parking Spaces 1-20 Parking Spaces
Road Frontage City Street
Roof Metal
See more
* Excluded Features
List By
Timea Harisova

Listing Agent

Snipes Properties

Broker

Affordability Calculator

$4,530
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,530
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 3.99% 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.
Learn more about how to save
Home Buying

How much can I afford to buy a house?

Learn More about how to save

Get Pre-qualified

Save time & pre-qualify for a mortgage in minutes.

Learn More about getting pre-qualified

Nearby

Map


See all