UNDER CONTRACT | Richmond Metro 12 Townhouse Rental | 100% Leased
Property Summary
One South Commercial is pleased to present the exclusive listing for 1400 Meridian Ave, a 12 unit townhouse investment opportunity with below market rents. Located in an established working class neighborhood in Colonial Heights, the property has a strong rental history and low
turnover.
The property consists of twelve townhouse units averaging 980 sqft. Each unit is a 2 bedroom/1.5 bathroom floor plan. A large lot provides the property ample parking for both residents and
guests.
A strong upside opportunity exists as all tenants are well below market rent. Taking advantage of this value-add venture would maximize the property’s earning potential.
Additional Details
-2 Bed/1.5 Bath Floor Plans
-Ample Parking
-11,760 SF
-100% Leased
-Below Market Rents
PROPERTY DETAILS
| Units | 12 |
|---|---|
| Parcel ID | 2300020D020 |
| Zoning Desc. | R-4 |
| Construction Date | 1973 |
| Co-broker Fee | Yes |