Six Unit Apartment Building - Monroe Ward
111 North Foushee Street Richmond Virginia 23220
$1,375,000
One South Commercial is pleased to present the exclusive listing for 111 N Foushee Street, a beautifully restored historic apartment building in the heart of Monroe Ward. This charming property features six fully renovated one-bedroom, one-bathroom apartments, each thoughtfully updated with modern kitchens, stylish new bathrooms, and in-unit washer/dryers. Residents benefit from abundant natural light streaming in from three sides of the building, creating bright and inviting living spaces.
Monroe Ward is one of Richmond’s most vibrant and walkable neighborhoods, offering an ideal blend of historic charm and urban convenience. Just steps from trendy coffee shops, acclaimed restaurants, and cultural hotspots, residents can enjoy Urban Hang Suite, Lift Coffee Shop, and Maple & Pine for a morning pick-me up, or catch a show at the iconic National Theater. The
neighborhood is also home to the Virginia Rep Theatre and the Institute for Contemporary Art, providing endless entertainment options.
Additionally, 111 N Foushee Street is just a short walk from the GRTC Pulse, Richmond’s rapid transit bus system, making commuting across the city effortless. With below-market rents, this property presents an exceptional value-add opportunity for investors looking to capitalize on rental upside potential in a prime location.
ABOUT MONROE WARD
Monroe Ward is a dynamic and evolving neighborhood in the heart of Richmond, VA, seamlessly blending historic charm with modern vibrancy. Known for its walkability and central location, Monroe Ward sits between the bustling downtown district and the cultural energy of the Arts District, making it an attractive destination for professionals, creatives, and entrepreneurs alike. Tree-lined streets showcase a mix of historic townhomes, contemporary apartments, and repurposed commercial spaces, creating a unique architectural landscape that reflects the city’s rich past and forward-thinking development. The neighborhood is home to a diverse array of restaurants, cafés, and bars, offering everything from locally roasted coffee to fine dining experiences. Proximity to VCU’s Monroe Park campus infuses the area with a youthful energy, while nearby cultural landmarks, such as the Virginia Repertory Theatre and the Institute for Contemporary Art, add depth to the local arts scene. With easy access to major roadways, public transit, and green spaces like Monroe Park, Monroe Ward offers a balance of convenience and character, making it one of Richmond’s most sought-after urban neighborhoods.
Justin is a seasoned commercial real estate expert with over 15 years worth of experience. Having a widespread knowledge of the Richmond real estate market, Justin is comfortable handling many types of transactions, but his primary practice areas are multifamily and investment sales. Justin possesses a commanding knowledge of Richmond’s rental market, providing his clients with in-depth analysis of the competitive landscape and value-added solutions. Justin is a Richmond native and a graduate of Virginia Commonwealth University.
Tom Rosman has been brokering investment real estate since the early 1990’s in the Richmond, VA, metro area. He has brought hundreds of transactions to a successful conclusion, including large apartment complexes, apartment buildings in historic neighborhoods, office buildings, retail properties, mixed use buildings, and numerous historic adaptive reuse properties.
Tom was one of the first brokers to recognize the transformative changes occurring in many of Richmond’s most architecturally significant but ignored neighborhoods. Having helped place many of the warehouses and other commercial structures in the hands of Richmond’s development community, Tom’s belief in what a property should be was never compromised by the condition it was in.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed
