Description
Located in the heart of Richmond's highly sought-after Carytown neighborhood, 3203 Ellwood Avenue offers a rare opportunity to acquire a fully renovated four-unit apartment building in one of the city's strongest rental markets. Each of the four thoughtfully updated one-bedroom apartments features modern finishes while maintaining the property's classic character. The building is fully leased, with all four apartments generating $1,499 per month, providing stable, in-place cash flow from day one. New Lease for Unit A starting Aug 1 for $1549 a month. Each unit is separately metered, with tenants responsible for all utilities, helping to...read more minimize operating expenses. Just steps from Carytowns acclaimed restaurants, local boutiques, coffee shops, and entertainment, the property offers an exceptional walkable lifestyle that continues to drive strong tenant demand. Whether youre seeking a turnkey investment or a long-term hold in one of Richmonds premier neighborhoods, 3203 Ellwood Avenue is an outstanding opportunity.