3117 Carolina Ave Richmond, VA 23222

$545000

Multi-Family
Property Type


Units

.23 AC
Parcel

3,852 SF
GBA

Active Listing

About This Property

Northside value-add opportunity

3117 Carolina Ave is an ideal opportunity to purchase a fully leased multifamily asset with immediate upside in Richmond’s rapidly revitalizing Highland Park neighborhood. Located just a few blocks from neighborhood hub, “Six Points”, and just a mile from several popular destinations and eateries along Brookland Park Boulevard, this investment is favorably poised to capitalize both on its location and ascending market positioning.

Originally constructed in 1928, 3117 Carolina Ave is a rare “built-as” quadplex asset amongst market peers, comprised of four (4) 2 bedroom/1 bath units featuring spacious floor plans, hardwood floors, central heating/air conditioning, private balconies, and ample off street parking. All utilities are separately metered, including water/sewer, which provides any incoming operator immediate reduction of typical market expense burden for the property. The current owner has also made several improvements to the property over the last few years including renovations of Units 1 and 4 as well as some capital improvements.

Additional Information

59
Walkability

37
Transit

Units 4
Parcel ID N000-1059-022
Const. Materials Brick
Zoning Desc. R-6
Construction Date 1928
Renovation Date 1962
Co-broker Fee Yes

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