UNDER CONTRACT | 3510 Chamberlayne Ave Richmond, VA 23227

$2380000

Multi-Family
Property Type

20 
Units

.647 AC
Parcel

16,897 SF
GBA

Under Contract Listing

About This Property

One South Commercial is proud to bring to market the exclusive listing for the Tudor Hall Townhomes at 3510 Chamberlayne Ave, a 20-unit apartment building located in Richmond’s historic Ginter Park neighborhood.

This property consists of two separate buildings on the site with 20 apartment  units. All units are in the two-story Townhouse Style that most tenants prefer. The sixteen 2-bedroom/1-bath units are each approximately 849 square feet, and the four 1-bedroom/1-bath units are each approximately 576 square feet.

The seller has enjoyed over 20 years of seamless rents as the demand for the units has always been great. Additionally, the seller has taken great care of the property, spending substantial money on improvements. Within the last 10 years, he did a total replacement of the roof structure with new shingles and sheeting, replaced all gutters and downspouts, replaced 21 pipe collars on the roof, installed new HVAC units in all apartments, and installed a new fence in the rear of the property.

Situated on a large corner lot, this property has great curb appeal and will give a buyer substantial “pride of ownership.” Tudor Hall Townhomes also offers a buyer a full building with short term leases allowing a buyer to increase rents quickly upon purchase.

Additional Information

26
Walkability

43
Transit

Units 20
Parcel ID N000-1437-001
Const. Materials Brick, Vinyl
Zoning Desc. R-48
Prop. Condition Average
Construction Date 1967
Co-broker Fee Yes

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