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3618 Chamberlayne Ave 20 Unit Apartment Building $3,598,582 CAD ($179,929 CAD/Unit) Richmond, VA 23227
Investment Highlights
- Ginter Park neighborhood
- Ample parking
- Fully leased
- 20 one (1) bedroom units
- Corner lot
Executive Summary
One South Commercial is excited to present the exclusive listing for 3618 Chamberlayne Avenue a 20-unit apartment building located on a prime corner lot in Richmond’s Northside.
This property is an excellent investment opportunity with strong upside potential. Each of the units are spacious one-bedroom floor plans that have been well maintained. Recent improvements include upgraded common area finishes and kitchen and flooring updates in select units. 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 present a great opportunity for investors to increase income potential of the property. With some continued 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 upside and a prime location make this property a smart choice for anyone looking to add a valuable asset to their portfolio.
This property is an excellent investment opportunity with strong upside potential. Each of the units are spacious one-bedroom floor plans that have been well maintained. Recent improvements include upgraded common area finishes and kitchen and flooring updates in select units. 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 present a great opportunity for investors to increase income potential of the property. With some continued 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 upside and a prime location make this property a smart choice for anyone looking to add a valuable asset to their portfolio.
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Property Facts
| Price | $3,598,582 CAD | Building Class | C |
| Price Per Unit | $179,929 CAD | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 13,212 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Low-Rise | Parking Ratio | 3.1/1,000 SF |
| Zoning | R-48 | ||
| Price | $3,598,582 CAD |
| Price Per Unit | $179,929 CAD |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 13,212 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 3.1/1,000 SF |
| Zoning | R-48 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 725 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | N000-1749-001 | Improvements Assessment | $1,836,661 CAD |
| Land Assessment | $150,864 CAD | Total Assessment | $1,987,525 CAD |
Property Taxes
Parcel Number
N000-1749-001
Land Assessment
$150,864 CAD
Improvements Assessment
$1,836,661 CAD
Total Assessment
$1,987,525 CAD
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3618 Chamberlayne Ave
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