1401 Coalter St, Richmond, VA 23223
- 14,899 sqft
Multi-Family Home
Built in 1967
0.59acre lot
—— car garage
$154/sqft
Listed 16 days ago
Property 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.
- Listing Status:
- Active
- Listing Office:
- Weichert Brockwell & Associate : (804) 518-0500
- Listing Agent:
- Kenneth Byers : (804) 919-4444
- MLS ID:
- 2517698

- General: Cathedral Ceiling(s)
- Appliances: Electric Water HeaterGas Water Heater
This listing courtesy of Kenneth Byers, Weichert Brockwell & Associate
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Woodville Elementary School
2000 N 28th St, Richmond, VA, 23223
Grades KG-5
0.99 miles away
Martin Luther King, Jr. Middle School
1000 Mosby St, Richmond, VA, 23223
Grades 6-8
0.23 miles away
Armstrong High School
2300 Cool Ln, Richmond, VA, 23223
Grades 9-12
0.99 miles away