2115 Phaup Street Richmond, VA 23223

PRICED AT $989,000

Listing Details

$989,000
MLS# 2614044
Type Multi Unit - Multiple
Status Active

6,448 Square Feet
0.268 acres Lot Size
1950 Year Built

Description

Outstanding opportunity to acquire an investor friendly 9-unit multifamily asset with stabilized rental income and an appraisal-supported cap rate of approximately 8.5% and current seller-provided operating figures close to a 9.5% cap rate. With average rent at $1200 per unit this investment opportunity is strong and reliable. The two-story brick apartment building offers a practical and consistent unit mix with nine (9) 2-bedroom, 1-bath residences, each approximately 700 square feet, for a total building size of approximately 6,448 square feet on a 0.27-acre parcel. The property features a NEWER roof, NEW exterior access, durable brick...read more

Features

Electric Water Heater
2.0 Stories
$7,332 Taxes
Public
Built in 1950

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Gallery

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Listed By: Hometown Realty

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