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1300 Porter Street

Richmond, VA 23224
  • $549,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 2402984
UPDATED: 51 min ago
$549,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1916
County:

School Information

Elementary School:
Middle School:
High School:

Description

ETS Restore & Construct is offering an incredibly rare opportunity to own a multi-unit property in Manchester! 1300 Porter St is an investor/developers dream! Not the mention a FANTASTIC 1031 EXCHANGE OPPORTUNITY. This stately, brick, Quadplex offers potential historical TAX INCENTIVES, is located in an OPPORTUNITY ZONE (when set up correctly can defer capital gains and then ultimately eliminate the capital gains tax altogether.) See packet for more information! R-63 Zoning (this is a corner lot, so more potential uses!), Off street parking, $30,000 worth of feasibility already COMPLETED (including all drawings/MEPS), and city APPROVED building permit issued! There are so many ways to leverage this special property for optimal CASH FLOW! 1300 Porter St is already demoed for you and is a blank slate with endless potential ready for your vision or follow the APPROVED plans by the city. Especially for the long term investor! DON'T HAVE A CREW TO COMPLETE THE RENOVATION?! NOT A PROBLEM! There is a SOLUTION! PLEASE READ ALL INFORMATION IN PACKET ATTACHED FOR MUCH MORE DETAIL! PROP HIGHLIGHTS: R-63 zoning, Corner lot/off street parking, Located in an OPPORTUNITY zone, HISTORICAL TAX incentives. ALL permits are approved and in place. Project management crew available if needed for an additional cost.

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Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-02-29T16:57:22.227.
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1300 Porter Street Richmond, VA 23224

  • Price: $549,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 51 min ago
  • MLS #: 2402984
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1916
Built
Neighborhood:
Manchester
County:
Richmond City
Area:
60 - Richmond
Elementary School:
Blackwell
Middle School:
River City
High School:
Armstrong
Property Description
ETS Restore & Construct is offering an incredibly rare opportunity to own a multi-unit property in Manchester! 1300 Porter St is an investor/developers dream! Not the mention a FANTASTIC 1031 EXCHANGE OPPORTUNITY. This stately, brick, Quadplex offers potential historical TAX INCENTIVES, is located in an OPPORTUNITY ZONE (when set up correctly can defer capital gains and then ultimately eliminate the capital gains tax altogether.) See packet for more information! R-63 Zoning (this is a corner lot, so more potential uses!), Off street parking, $30,000 worth of feasibility already COMPLETED (including all drawings/MEPS), and city APPROVED building permit issued! There are so many ways to leverage this special property for optimal CASH FLOW! 1300 Porter St is already demoed for you and is a blank slate with endless potential ready for your vision or follow the APPROVED plans by the city. Especially for the long term investor! DON'T HAVE A CREW TO COMPLETE THE RENOVATION?! NOT A PROBLEM! There is a SOLUTION! PLEASE READ ALL INFORMATION IN PACKET ATTACHED FOR MUCH MORE DETAIL! PROP HIGHLIGHTS: R-63 zoning, Corner lot/off street parking, Located in an OPPORTUNITY zone, HISTORICAL TAX incentives. ALL permits are approved and in place. Project management crew available if needed for an additional cost.
Exterior Features

Architectural Style Two Story Construction Materials Brick Other Garage YN No Levels Two Lot Features Corner Lot Parking Features No Garage Off Street Patio And Porch Features Balcony Rear Porch Front Porch Roof Composition Shingle View City View YN Yes Waterfront YN No

Interior Features

Basement Full Unfinished Walk Out Access Basement YN Yes Interior Features High Ceilings

Property Features

Buyer Agency Compensation 2.50 Occupant Type Vacant Ownership Partnership Property Sub Type Quadruplex Sewer Community Coop Sewer Tax Annual Amount 5328 Tax Year 2023 Water Source Public Year Built Details Approximate Zoning Description R-63

Central Virginia Regional MLS logo Listing provided by River Fox Realty LLC: (804) 887-0700. Listing information © 2024 CVRMLS and CBRAR.


Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-02-29T16:57:22.227.
 
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Marc Austin Properties at EXIT First Realty
11207 Nuckols Road, Suite E
Glen Allen VA, 23059