CLOSED | Renovated Museum District Quadplex
This is a rare opportunity to acquire a renovated 4 unit steps from Carytown and all of its amenities.
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. They can even walk to a vintage movie theatre. Very few neighborhoods in the country can boast this amount 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.
The majority of these types of buildings in the neighborhood are not renovated giving this property a huge advantage in attracting tenants. Another consideration: the financing on 4 unit buildings is generally more attractive than 6 or 12 unit properties, and will help the buyer with cash flow.