Under Contract Listing

UNDER CONTRACT | Premier Monument Avenue Multifamily Six Unit | Rare Apartment Investment Opportunity | 1842 Monument Avenue
Richmond, VA 23220

$1350000

Multi-Family
Property Type


Units

0.11 AC
Parcel

3,983 SF
GBA

Property Summary

This six-unit apartment building sits prominently on the northeast corner of Monument and Meadow. Properties of this caliber and location rarely come to market. 1842 Monument matches stable income with historic finishes such as – hardwood floors, stain glass, wide arched entries, wrought iron gates. Offering four one-bedroom units, two studio-units and a large, detached garage; rents are well below market rate and offer an opportunity for a new investor to increase rents without any apartment improvements.

  • Six (6) Apartments
  • Detached Garage
  • Monument Ave & Fan District Location
  • Below Market Rents
  • 100% Occupied

PROPERTY DETAILS

Units 6
Parcel ID W0000862051
Const. Materials Masonry
Zoning Desc. R-6
Construction Date 1910
Co-broker Fee Yes

93
Walkability

47
Transit

PROPERTY PHOTOS

PROPERTY LOCATION

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