UNDER CONTRACT | 210 E Clay St Richmond, VA 23219

$950000

Multi-Family
Property Type


Units

.1 AC
Parcel

7,155 SF
GBA

Under Contract Listing

About This Property

For many years, 210 E. Clay Street served as the headquarters for the charitable organization the National Ideal Benefit Society, founded in July of 1912.  

Situated in the heart of revitalizing Jackson Ward, its many unique architectural features makes it ideal for a historic tax credit project. 210 E Clay was renovated in 2016, and the redevelopment of this 3 story historic building yielded five (5) unique apartments and one (1) ground floor commercial space. The renovations feature an extensive array of modern upgrades such as granite countertops, pendant lighting, and stainless steel appliances, while preserving the property’s historic character including original hardwood flooring and wood moulding, high ceilings, and restored glass partitioning.

With a desirable tax abatement in place for another 4 years and a strong rental history, 210 E Clay Street makes for an attractive income-producing investment.  A high performing asset already, there is opportunity to add value to this property with a steady increase in apartment rents, the introduction of parking fees, and direct property management. 210 E Clay makes for an ideal small scale asset for both entry level and experienced property investors.

Additional Information

96
Walkability

63
Transit

Units 6
Parcel ID N000-0039-021
Const. Materials Brick
Zoning Desc. B-2
Construction Date 1900
Renovation Date 2016
Co-broker Fee Yes

Related Properties

For Sale

2413 Lamb Ave
Richmond, VA 23222

Multi-Family

For Sale

425 E Broadway/408 E Cawson St 435 E Broadway, 607 E Broadway
Hopewell, VA 23680

Multi-Family

For Sale

614-620 N 28th St
Richmond, VA 23223

Multi-Family