1012 Park Avenue, Richmond, VA 23220
- Sqft
- 5,283
View property features, location on map, relevant school information and overview from seller's agent.
- 0
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Overview
AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 11 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,835 and has been owned for 19 years with 100% occupancy. With high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps from all of the amenities the FAN has to offer.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 4
- Square feet
- 5,283
- Lot size (acres)
- 0.06
- Year built
- 1910
Interior features
- Basement
- Yes, Finished
Utilities
- Cooling
- Ceiling fan(s)
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount (2025)
- $13,164
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Central Virginia Regional MLS MLS®#: 2525663 Last checked: …

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