UNDER CONTRACT | 210 E Clay St Richmond, VA 23219
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.