Property Summary
One South Commercial is pleased to bring to market a duplex portfolio consisting of 713 Bancroft Ave and 3008 Cliff Ave. The properties sit prominently within Richmond’s ever-evolving Northside and provide investors a rare opportunity to acquire multiple properties in one transaction.
713 Bancroft Ave is a newly updated 1,361 square foot property with longtime tenants in place. The property features two 2-bedroom/1-bathroom units including in-unit washer/dryer and newly installed central air conditioning. Tenants enjoy ample outdoor space as well as off street parking. The property’s exterior has recently been updated with new vinyl siding and an asphalt shingle roof.
3008 Cliff Ave features two 2-bedroom/1-bathroom units with original finishes totaling 1,536 square feet.. Both units contain central air conditioning. The property sits on a quiet residential street in the heart of the Brooklyn Park neighborhood just steps away from popular shops and restaurants.
These duplexes are ideal for an investor looking to expand their existing multi-family portfolio or enter the Richmond market in one of the city’s fastest evolving neighborhoods.
- Four (4) Units Total – Two (2) Duplexes. Can Be Sold Individually ($325,000/each) or Together ($650,000 Total)
- 2,897 SF Total
- Recent Improvements To Bancroft: New HVAC, New Roof, Privacy Fencing, Vinyl Siding
- 100% Occupied – Strong Rental History Opportunity
PROPERTY DETAILS
| Units | 4 |
|---|---|
| Parcel ID | N0001155007 & N0000978008 |
| Const. Materials | Vinyl |
| Zoning Desc. | R-5 |
| Construction Date | 1959 |
| Co-broker Fee | Yes |