Property Summary
One South Commercial is pleased to be the exclusive listing brokerage for 1629 West Grace Street. This multifamily quadplex offers Value Add opportunity with cosmetic improvements. The property is comprised of two 1 bedroom, 1 bathroom apartments; one 2 bedroom, 1 bathroom apartment, and one studio apartment. A detached garage on the premises is leased on a month to month basis.
Located on historic West Grace Street in Richmond’s vibrant Fan District neighborhood, these apartments rent below market and feature central heat and air as well as a shared washer dryer on site. Tenants are responsible for all utilities except water.
Only blocks from VCU, the property is located near shops and restaurants along West Broad Street, including the new Whole Foods, tenants also have easy access to I-195, I-95, and I-64. And just north of Broad Street to the west is the exciting neighborhood of Scott’s Addition with its former industrial properties renovated as apartments, restaurants, and breweries.
PROPERTY DETAILS
| Units | 4 |
|---|---|
| Parcel ID | W0000735016 |
| Const. Materials | Brick |
| Zoning Desc. | R-48 |
| Construction Date | 1904 |
| Co-broker Fee | Yes |