FOR SALE | S RICHMOND SF PORTFOLIO | 123 Lipscomb St Richmond, VA 23224

$484,000
Price

Multi-Family
Property Type


Units

0.66 AC
Parcel

5,114 SF
GBA

Active Listing

About This Property

One South Commercial is pleased to present to the market this single-family portfolio consisting of four properties located in South Richmond. This portfolio listing is a great opportunity to acquire investment properties in one transaction. The buyer can enjoy the appreciation the Richmond area will provide either through the collection of increasing rental income or by reselling the properties individually.

The properties included in this portfolio are:

  • 123 Lipscomb St
  • 2113 Gordon Ave
  • 2215 Gordon Ave
  • 3403-05 Lawson St

Minutes from Downtown Richmond, these properties benefit from being situated in established and popular neighborhoods featuring both single and multifamily properties. The portfolio’s location also places the properties within a short distance from Metro Richmond’s largest employers including Altria Group, Dominion Virginia Power, Amazon, Virginia Commonwealth University, Bank of America, and local, state, and federal agencies.

The current availability of single-family properties available for rent, especially in the South Richmond area, is extremely limited. As a result, asking rent for single-family properties have trended upwards to historically high rates. The properties in the portfolio have all been maintain and updated in recent years, but they also present value add opportunities for an investor looking to further renovate.

The single family market in Richmond is experiencing high demand, and the properties in this portfolio represent a solid investment for the buyer looking to invest in multiple properties with a single transaction.

Additional Information

57
Walkability

46
Transit

Units 4
Zoning Desc. Residential
Co-broker Fee Yes

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