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3618 Chamberlayne Avenue

Richmond, VA 23227
  • $2,400,000
  • STATUS: Pending
  • ON SITE: 25 Days
  • MLS #: 2300664
Pending
UPDATED: 75 min ago
$2,400,000
  • 0
    BEDS
  • 0.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1963
County:

School Ratings & Info

Description

This property is an excellent investment opportunity with low rents and a strong upside potential. Known as Magnolia Place, each of the units are spacious one-bedroom floor plans that have been well maintained. The building also has a common laundry room for the convenience of the residents. Located on the corner of Chamberlayne Ave & Laburnum Ave, this property offers excellent street visibility and easy access for residents to the building parking lot. The surrounding area is filled with amenities such as supermarkets, schools, and public transportations, making it an attractive location for residents. The current rents are low, presenting a great opportunity for investors to increase income potential of the property. With some minor upgrades and improvements, the property has the potential to attract higher paying tenants and generate significant returns. Overall, this is a fantastic investment opportunity for a commercial real estate investor. The combination of low rents, a prime location, and strong upside potential make this property a smart choice for anyone looking to add a valuable asset to their portfolio.

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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 © 2023 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: 2023-02-05T14:57:05.553.
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3618 Chamberlayne Avenue Richmond, VA 23227

  • Price: $2,400,000
  • Status: Pending
  • On Site: 25 Days
  • Updated: 75 min ago
  • MLS #: 2300664
0
Beds
0
Baths
0
½ Baths
0.6
Acres
1963
Built
Neighborhood:
30 - Richmond
County:
Richmond City
Area:
30 - Richmond
Property Description
This property is an excellent investment opportunity with low rents and a strong upside potential. Known as Magnolia Place, each of the units are spacious one-bedroom floor plans that have been well maintained. The building also has a common laundry room for the convenience of the residents. Located on the corner of Chamberlayne Ave & Laburnum Ave, this property offers excellent street visibility and easy access for residents to the building parking lot. The surrounding area is filled with amenities such as supermarkets, schools, and public transportations, making it an attractive location for residents. The current rents are low, presenting a great opportunity for investors to increase income potential of the property. With some minor upgrades and improvements, the property has the potential to attract higher paying tenants and generate significant returns. Overall, this is a fantastic investment opportunity for a commercial real estate investor. The combination of low rents, a prime location, and strong upside potential make this property a smart choice for anyone looking to add a valuable asset to their portfolio.
Exterior Features

Construction Materials Brick Levels Two Lot Features Level Road Frontage Type City Street Roof Flat Topography Level

Interior Features

Basement YN No Building Area Total 13212 Cooling Central Air Cooling YN Yes

Property Features

Property Condition Good Condition Sewer Public Sewer Tax Lot 10 Water Source Public Zoning Description R-48

Central Virginia Regional MLS logo Listing provided by One South Realty Group, Llc: 804-353-0009. Listing information © 2023 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 © 2023 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: 2023-02-05T14:57:05.553.
 
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Marc Austin Properties at EXIT First Realty
11207 Nuckols Road, Suite E
Glen Allen VA, 23059