Prime apartment project located in VCU submarket. Walking distance to Monroe Park campus. 6.71% 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 FIOS internet/FIOS TV. 18 parking spaces plus ample on-street parking. Tax abatement in place. Note project can be purchased as two separate projects. EcoFlats is a stand-alone 12 unit building with its own parking same as Brook Alley Apartments with 6 units. See Kerry's other listings tab at bottom of this page. Mix of single family and multi-family residences. Richmond City Fire Department station adjacent to property. Walking distance to VCU Monroe Park campus, Arts District and retail along Broad ST.
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