Prime apartment project located in VCU submarket. Walking distance to Monroe Park campus. 6.70% cap rate investment with 100% occupancy. Upside potential in price per bedroom under rates charged by competing apartments in area. Total renovation within the last six years with new heat pumps, electrical, plumbing, interior build-outs and new rubber roofs. Eco-friendly advantages with bamboo cabinets, pavers, Paperstone countertops, energy saver appliances, high SEER rated heat pumps, fluorescent and LED lighting.Unit mix: 16 two bedroom one baths; 2 three bedroom on and one-half bath units. Tenants pay electric. Owner pays for water/sewer/trash and internet/ TV. 18 parking spaces plus ample on-street parking. Tax abatement in place.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
