Under Contract Listing

UNDER CONTRACT | 3334 Cutshaw Ave
Richmond, VA 23230

Rare Renovation Opportunity | 3 Contiguous Duplexes

$1395000

Multi-Family
Property Type


Units

.5 AC
Parcel

5,274 SF
GBA

Property Summary

This is a rare opportunity to acquire three contiguous duplexes just steps from Scott’s Addition.

Each two story duplex features 1,758 square feet of finished living area. All units are either vacant or are on month-to-month leases, making this ripe for renovation. 

Located in the Museum District, which features historic homes, 2 world class museums, recreational opportunities, numerous bike lanes, and great access to all points in Metro Richmond. Tenants in these apartments can walk to 50 or so restaurants, 3 large grocery stores, and numerous coffee houses, bars, clothing & furniture stores, salons etc. Very few neighborhoods in the country can boast this amount of offerings to their residents. Therefore, the demand to renovate and 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.

*Showings between 1-3pm on August 19th. Contact Isaac Weintz at 804-404-3161 to schedule an appointment. This listing is comprised of three (3) duplexes that can either A) be purchased together for $1,395,000 or B) purchased individually for $465,000 each. Owner has SUP approval to subdivide for option B. Adjacent parking lot not included for either option.*

PROPERTY DETAILS

Units 2
Parcel ID W000-1524-028
Const. Materials Brick
Zoning Desc. R-02
Construction Date 1965
Co-broker Fee Yes

90
Walkability

43
Transit

PROPERTY PHOTOS

PROPERTY LOCATION

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