UNDER CONTRACT | 408-410 Dobson St Richmond, VA 23220
About This Property
One South Commercial is pleased to present for sale 408-410 Dobson St. This listing offers 8 units situated in Richmond’s Randolph neighborhood. The building has been continuously and professionally maintained with recent capital improvements including new bathrooms, TPO roof, and rebuilt front and rear porches.
The two-story building features units with a 2bed/1bath spacious floor plan equipped with hardwood floor, dishwasher, gas stove, and gas hot water heater. Tenants also enjoy the large outdoor common space provided by the open lawn surrounding the building.
Named for Virginia E. Randolph, a prominent African-American educator in Richmond, Randolph is an established middle-class residential neighborhood with the majority of its buildings constructed between 1940-60. The City also maintains the Randolph Community Center with an outdoor pool, tennis courts, and basketball facilities. In more recent years, the residential neighborhood has become a favorite of investors and first-time homebuyers. Its proximity to the State’s largest university, Virginia Commonwealth University, also makes Randolph extremely popular for students and recent graduates looking for housing in the City. Also close to Downtown Richmond and commercial services along W Main and W Cary Streets, many young professionals who favor short commutes and convenient services also look to Randolph as their neighborhood of choice.
In such a vibrant and dynamic location, it is not surprising that 408-410 Dobson St has a consistent record of strong rental rates and 100% occupancy. The in-demand units and high revenue generation make 408-410 Dobson St a great multifamily investment opportunity in one of the most unique residential neighborhoods in Richmond.
|Road Frontage||Dobson St, Wallace St|
|Zoning Desc.||R-48 Multifamily|