Closed Listing

CLOSED | Fully Renovated Quad - Fan District | Multifamily Investment Opportunity | 2204 West Grace Street
Richmond, VA 23220

$1080000

Multi-Family
Property Type


Units

0.117 AC
Parcel

3,302 SF
GBA

Property Summary

One South Commercial is pleased to present the exclusive listing for 2204 W Grace Street in the Historic Fan District. This fully renovated quad features four 1 bedroom/1 bathroom units that have been fully renovated to the highest standards. Renovations include new kitchens, bathrooms, new parking area, custom landscaping with irrigation, new HVAC units, updated plumbing, new panel boxes and updated wiring, new roof, clean basement with private storage. Residents enjoy onsite laundry on a common hallway. The landlord is responsible for water, sewer, and trash. The residents are responsible for electric, cable, and internet.

Located in the Historic Fan District, which features historic Victorian architecture, two world class museums, recreational opportunities, numerous bike lanes, and great access to all points in Metro Richmond. Tenants in these apartments are a short distance from 50 plus restaurants, three large grocery stores, and numerous coffee houses, bars, clothing & furniture stores, salons etc. 

Very few neighborhoods in the country can boast this number of offerings to their residents. Therefore, the demand to rent these types of units far exceeds supply, affording the buyer a very stable investment with a continuous upside as the values in the area have marched relentlessly forward.

  • Fan District
  • Fully renovated
  • Off street parking

PROPERTY DETAILS

Units 4
Parcel ID W0001010030
Const. Materials Masonry
Zoning Desc. R-48
Construction Date 1910
Co-broker Fee Yes

93
Walkability

49
Transit

PROPERTY PHOTOS

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