1. Virginia
  2. Richmond
  3. 1401 Coalter St
$2,300,000

1401 Coalter St, Richmond, VA 23223

  • 14,899 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1967
  • Property Lot Size Icon0.59acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $154/sqft
  • Property List Date Icon 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

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

W

Woodville Elementary School

2000 N 28th St, Richmond, VA, 23223

Grades KG-5

0.99 miles away

M

Martin Luther King, Jr. Middle School

1000 Mosby St, Richmond, VA, 23223

Grades 6-8

0.23 miles away

A

Armstrong High School

2300 Cool Ln, Richmond, VA, 23223

Grades 9-12

0.99 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.