Carytown Quad Investment or Owner Occupant Opportunity
3203 Ellwood Avenue Richmond Virginia 23221
$1,025,000
Located in the heart of Richmond’s vibrant Carytown district, 3203 Ellwood Avenue is a charming quadplex that presents a fantastic opportunity for both investors and owner-occupants. This fully renovated property features four one-bedroom apartments, each thoughtfully updated to combine modern comfort with timeless style. With renovations complete, two of the four units are already leased at $1,499 per month, offering immediate income potential. The property is separately metered for all utilities, ensuring tenants are responsible for their own usage. Nestled in Carytown, known for its eclectic boutiques, renowned dining scene, and bustling entertainment options, 3203 Ellwood Avenue offers unparalleled access to one of Richmond’s most desirable neighborhoods. Don’t miss the chance to own a turnkey investment in this thriving location.
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
