CLOSED | 1620 Park Ave Richmond, VA 23225

$999000

Multi-Family
Property Type


Units

.09 AC
Parcel

4,876 SF
GBA

Closed Listing

About This Property

One South Commercial is please to bring to market 1620 Park Ave, a quadplex prominently positioned in one of Richmond’s top historic locations in the Fan Neighborhood.

The property has been recently renovated and is a prime opportunity for a multi-family investor or owner occupant buyer. Nestled along the secluded Park Avenue and just a block from the iconic Kuba Kuba restaurant this quadplex allows residents the best of Fan Neighborhood living.

The quadplex was originally built as a duplex and converted to four units. There are two 2 bedroom / 1 bathroom units on the first floor. The second floor contains one studio style unit with a bathroom and a 3 bedroom / 2 bathroom unit. Both units on the second floor have been completely renovated, featuring beautifully upgraded kitchens and bathrooms, restored hardwood floors, and new lighting fixtures. The infrastructure of the property has been considerably improved by the current owner. All units enjoy central cooling with newly installed ductwork and HVAC units. Major plumbing and electrical work has been completed throughout the property and the roof was refinished with all new TPO membrane material in 2019. Residents will also enjoy the four street parking spots allotted to the property by the City of Richmond.

The property is currently vacant making this a prime opportunity for owner occupant buyers looking to live in one of the units. Investors will enjoy the ability to place their own tenants under rental rates and terms of their liking.

Close proximity to entertainment, restaurants, VCU and the downtown business district makes this an ideal location for prospective residents from students to young professionals to families. The quadplex at 1620 Park Ave is a prime opportunity for an investor or owner occupant looking for a freshly renovated property in Richmond’s premier historic Fan Neighborhood. Enter the Richmond market today or expand your portfolio with true presence by purchasing 1620 Park Ave.

Additional Information

92
Walkability

52
Transit

Units 4
Parcel ID W000-1038-060
Const. Materials Brick
Zoning Desc. R-6
Construction Date 1910
Co-broker Fee Yes

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