Log In/Sign Up
Your email has been sent.
The Hill Building 114 Virginia St 48 Unit Apartment Building $12,563,280 CAD ($261,735 CAD/Unit) 6.28% Cap Rate Richmond, VA 23219
INVESTMENT HIGHLIGHTS
- 48 Units: Mix of Studio, One- and Two-Bedroom Apartments
- Recently Renovated Units
- Prime Location: Near VCU, Downtown Richmond, and 7 Fortune 500 companies
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the offering memorandum for The Hill Building located at 114 Virginia Street Richmond, VA in the Shockoe Slip neighborhood. The property consists of forty-eight units total. There are eleven studio units, ten, one-bedroom one-bathroom units and nine, two-bedroom one-bathroom units, across one, three story building built in 1878, renovated 2015 and situated on 0.27 acres.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $12,563,280 CAD | Property Subtype | Apartment |
| Price Per Unit | $261,735 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.28% | Lot Size | 0.27 AC |
| Gross Rent Multiplier | 10.18 | Building Size | 44,800 SF |
| No. Units | 48 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1878/2015 |
| Zoning | B-5 | ||
| Price | $12,563,280 CAD |
| Price Per Unit | $261,735 CAD |
| Sale Type | Investment |
| Cap Rate | 6.28% |
| Gross Rent Multiplier | 10.18 |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 44,800 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1878/2015 |
| Zoning | B-5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | - | 500 |
| 1+1 | 15 | - | 639 - 751 |
| 2+2 | 13 | - | 1,100 |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | E000-0067-017 | Improvements Assessment | $8,279,930 CAD (2025) |
| Land Assessment | $831,375 CAD (2025) | Total Assessment | $9,111,305 CAD (2025) |
PROPERTY TAXES
Parcel Number
E000-0067-017
Land Assessment
$831,375 CAD (2025)
Improvements Assessment
$8,279,930 CAD (2025)
Total Assessment
$9,111,305 CAD (2025)
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Hill Building | 114 Virginia St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.