Virginia
Richmond
401 E Brookland Park Blvd

$2,500,000

401 E Brookland Park Blvd, Richmond, VA 23222

Commercial Property
Built in 1967
1acre lot
—— car garage
$——/sqft
Listed 2 months ago

Property Description

Exceptional Investment Opportunity – 26-Unit Multifamily Property! Discover the potential of this all-brick multifamily complex, featuring 26 units comprised of 18 spacious 2-bedroom, 1-bath apartments and 8 efficient 1-bath studio units. Six units have been recently renovated and are rent-ready—perfect for immediate cash flow! With newer vinyl windows and a durable brick exterior, this property offers low-maintenance ownership and long-term value. Market rents are strong, with efficiency units projected at $1,000/month and 2-bedroom units at $1,200/month, giving this property significant upside potential. Current monthly rental income stands at $14,572, leaving plenty of room to increase revenue as more units are updated and leased at market rates. Don’t miss your chance to invest in a high-potential asset with solid fundamentals and room to grow. Contact us today to schedule your private tour!

Listing Status:: Active
Listing Office:: River City Elite Properties : (804) 594-6750
Listing Agent:: Phillip Hughes : (804) 651-4710
MLS ID:: 2510457

General: 2

This listing courtesy of Phillip Hughes, River City Elite Properties

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Overby-Sheppard Elementary School

2300 1st Ave, Richmond, VA, 23222

Grades PK-5

0.43 miles away

Richmond Alternative

119 W Leigh St, Richmond, VA, 23220

Grades 6-12

1.65 miles away

Richmond Community High School

201 E Brookland Park Blvd, Richmond, VA, 23222

Grades 9-12

0.11 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.