Under Contract Listing

1400 Meridian Avenue
Colonial Heights, VA 23834

UNDER CONTRACT | Richmond Metro 12 Townhouse Rental | 100% Leased

$1400000

Multi-Family
Property Type

12 
Units

1.11 AC
Parcel

11,760 SF
GBA

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

43
Walkability

0
Transit

PROPERTY PHOTOS

PROPERTY LOCATION

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