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Buy a multi-family propertyat 715 Chimborazo Boulevard, Richmond, VA 23223

$1,075,000

$0/mo

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Multifamily

3,079 Sq. Ft. lot

305 Days on market

2315466 MLS ID

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About 715 Chimborazo Boulevard multi-family property

Located in the historic Church Hill neighborhood, this fully-renovated quadplex features four 2-bedroom/1-bathroom apartments.Renovations include custom kitchens (new cabinets, quartz countertops, full size stainless appliances), new washer/dryer units, new hot water heaters, new LVP flooring, and new mini-split heating & cooling units. Residents are responsible for all utilities as each apartment is individually metered for water and electricity. The property has been fully leased with four new 12-month leases. Residents in these apartments are a short distance from countless local restaurants, grocery stores/markets, coffee houses, bars, and other retail spaces. Very few neighborhoods can boast this degree of walkability and offerings to their residents. Growing rental demand far exceeds supply, especially for a unique building such as this.
Located in the historic Church Hill neighborhood, this fully-renovated quadplex features four 2-bedroom/1-bathroom apartments.Renovations include custom kitchens (new cabinets, quartz countertops, full size stainless appliances), new washer/dryer units, new hot water heaters, new LVP flooring, and new mini-split heating & cooling units. Residents are responsible for all utilities as each apartment is individually metered for water and electricity. The property has been fully leased with four new 12-month leases. Residents in these apartments are a short distance from countless local restaurants, grocery stores/markets, coffee houses, bars, and other retail spaces. Very few neighborhoods can boast this degree of walkability and offerings to their residents. Growing rental demand far exceeds supply, especially for a unique building such as this.

Property details

Bathrooms

Bathrooms Total Integer: 0

House

Construction Materials: Brick

Listing

Number Of Units Total: 4

Ownership Type: SoleProprietor

Ownership: Individuals

Location

City Region: Church Hill

County Or Parish: Richmond City

Lot

Parcel Number: E000-0968-020

Property

Property Sub Type: Quadruplex

Taxes

Tax Annual Amount: $3,456

Tax Assessed Value: $313,000

Tax Legal Description: 0034.50X0089.29 0000.000

Tax Lot: RIDER

Tax Year: 2022

Monthly cost

Estimated monthly cost

$6,904/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,010,500

+$32,250

$1,042,750

Seller agent commission$32,250 (3%)*

$0 (0%)

Buyer agent commission$32,250 (3%)*

$32,250 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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with an Unreal Estate agent

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Unreal Estate checked: Apr 27, 2024 at 6:23 a.m.

Data updated: Jun 27, 2023 at 11:10 a.m.

Courtesy of One South Realty Group, LLC
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2024 Central Virginia Regional MLS. All Rights Reserved.

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