Active Listing

UNDER CONTRACT | 2212 West Grace Street
Richmond, VA 23220

$655000

Multi-Family
Property Type


Units

0.093 AC
Parcel

3,064 SF
GBA

Property Summary

This “built as” quad features four 1 bedroom/1 bathroom units. Tenants are responsible for the individually metered utilities.

Located in the Historic Fan 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 are a short distance from 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 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.

SHOWING INSTRUCTIONS:

-TOUR BLOCK [APPOINTMENT REQUIRED- CALL AGENT]: August 26th, 2022 from 11:30-1:30pm EST.

-No lockbox, call agent.

-72 hours advanced notice for showings.

-NO weekend showings.

DISLCOSURES:

-Owner is a licensed real estate agent in the Commonwealth of Virginia.

-This transactions is part of a 1031 tax exchange. Purchaser agrees to comply with an additional documentation at no additional charge.

-Seller is a requesting a 10 year lease on the second garage bay at zero payments as part of the sale.

PROPERTY DETAILS

Units 4
Parcel ID W0001010034
Const. Materials Brick
Zoning Desc. R-48
Construction Date 1925
Co-broker Fee Yes

0
Walkability

0
Transit

PROPERTY PHOTOS

PROPERTY LOCATION

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