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2110-2112 Redd St
Richmond, VA 23223
Redd Fox Apartments · Multifamily Property For Sale
·
36 Units
Investment Highlights
- 36 Units: All Two-Bedroom & One-Bathroom
- 10.71% In-Place Cap Rate
- Fully Passive from Day One
- Absolute NNN Master Lease
- 5.5 Years Remaining on Lease Term
Executive Summary
Redd Fox Apartments is a multifamily property positioned in Richmond, Virginia, within an area experiencing steady residential demand and redevelopment momentum. Located along Redd Street with convenient access to major city corridors, the property offers proximity to Downtown Richmond, Interstates 64 and 95, and several established employment centers. Surrounding amenities include neighborhood retail, dining, and public transportation options, providing strong appeal for renters seeking connectivity and convenience.
The site is situated in an improving market characterized by residential growth and urban investment, enhancing long-term value for investors. Its proximity to the city’s business district and recreational amenities underscores potential for sustained occupancy. Local infrastructure, including nearby schools, parks, and transit links, supports diversified tenant profiles and positions the property as a stable income-generating asset within a metropolitan setting.
The site is situated in an improving market characterized by residential growth and urban investment, enhancing long-term value for investors. Its proximity to the city’s business district and recreational amenities underscores potential for sustained occupancy. Local infrastructure, including nearby schools, parks, and transit links, supports diversified tenant profiles and positions the property as a stable income-generating asset within a metropolitan setting.
Property Facts
| Price Per Unit | $270,269 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.01 AC |
| Cap Rate | 10.71% | Building Size | 23,706 SF |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-53 - Multifamily-Residential | ||
| Price Per Unit | $270,269 CAD |
| Sale Type | Investment |
| Cap Rate | 10.71% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.01 AC |
| Building Size | 23,706 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | R-53 - Multifamily-Residential |
Amenities
Unit Amenities
- Air Conditioning
Property Taxes
| Parcel Number | E000-0665-033 | Improvements Assessment | $5,337,362 CAD |
| Land Assessment | $252,689 CAD | Total Assessment | $5,590,051 CAD |
Property Taxes
Parcel Number
E000-0665-033
Land Assessment
$252,689 CAD
Improvements Assessment
$5,337,362 CAD
Total Assessment
$5,590,051 CAD
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