$2,300,000

1401 Coalter Street , Richmond, VA 23223

 
Bedrooms:2 beds
Bathrooms:0 baths
Residential:14,899 sqft
Lot:0.59
Year Built:1967
Listing Status:Active

Listing Agent

Kenneth Byers
https://chesterfieldrealtors.com
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We cannot obtain a street view for this location. Please See Google Maps for any possible street views and other mapping views.
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Description

Investment Opportunity: 20-Unit Apartment Complex with Value-Add Potential. Discover this well-positioned 20-unit multifamily property, it provides solid mix of both long-term tenants, and newer short-term tenants with newer leases of $ 1250.00, providing both stable cash flow, and room for income growth. With a Mix that includes several partial vaulted ceilings, adding to the architectural appeal and tenant desirability. A healthy tenant mix ensures ongoing revenue, and immediate upside potential through modest renovations and rent adjustments. With ample parking of 20+ parking spaces available on site and surrounding the property for residents and guests. Opportunities for interior updates and exterior enhancements, positioning this property as a strong candidate for increased NOI and future appreciation. Located across from a property managed by the Richmond Redevelopment Housing Authority, which is very well maintained by the City of Richmond located in an area poised for continued growth, making this an excellent long-term investment with strong rental demand and growth. Whether you're an investor seeking steady returns or buying for potential upside, this asset offers a balanced blend of income, location, and opportunity.

Detailed Items

Other Information

1401 Coalter Street, Richmond, VA, 23223 is a residential listing of 14,899 sqft on a lot of 0.59. This residential listing has 2 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property1401 Coalter Street, Richmond, VA
Copyright © 2025 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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