RECENTLY CLOSED | 17th Street Lofts | 333 Oliver Hill Way Richmond, VA 23219

$3,960,000
Price

Multi-Family
Property Type

24 
Units

0.26 AC
Parcel

20,300 SF
GBA

Recently Closed Listing

About This Property

Seventeenth Street Lofts presents prospective buyers a fully occupied Opportunity Zone investment with dedicated on site parking and an opportunity to substantially increase net operating income by charging for parking, billing back residents for utility usage, and streamlining operating expenses.

PHYSICAL SUMMARY

  • Completely redeveloped in 2003 using Historic Tax Credits
  • 21 on-site parking spaces
  • Elevator serviced
  • Type IV Construction (masonry exterior with heavy timber interior structural members)
  • PVC waste, copper domestic water supply
  • Total Floor Area 25,000 SF
    • Ground floor on slab: 5 apartments
    • First floor: 5 apartments
    • Second floor: 4 apartments
    • Third floor: 5 apartments
    • Fourth floor: 5 apartments
  • Fully sprinklered, smoke detectors in units and corridors
  • Units individually metered for electricity
  • Units conditioned by individual split system heat/AC
  • Unit amenities
    • Washer/dryer/dishwasher
    • Granite countertops, stainless appliances
    • Original concrete and maple floors
    • Abundant natural light from large picture windows

Additional Information

95
Walkability

63
Transit

Units 24
Parcel ID E0000185034
Const. Materials Brick
Zoning Desc. M-1 Light Industrial
Addl. Features Close to Downtown
Construction Date 1910
Renovation Date 2003
Co-broker Fee Yes

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