Se Connecter/S’inscrire
Votre courriel a été envoyé.
Iron House Apartments 1309 W Broad St 35 Unité Immeuble d’appartements À vendre Richmond, VA 23220
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Contact agents for pricing
- Residential total RSF: 24,305 SF (*average unit/SF = 695 SF)
- 39 units total: 35 residential & 4 commercial
- Commercial total RSF: 5,860 SF (*average unit/SF = 1,465 SF)
RÉSUMÉ DE L'ANNONCE
CORE-QUALITY ASSET WITH UPSIDE IN DOWNTOWN’S HOTTEST SUBMARKET
Iron House Apartments is a market rate multifamily asset with value-add upside in the ever-expanding Virginia Commonwealth University submarket. VCU enrollment continues to grow and demand for quality housing is as strong as it has ever been across all demographics. As Downtown Richmond evolves, the market will reward owners who prioritize entrepreneurial marketing tactics, provide integrated technologies, and offer retail amenities like fast casual dining. The current owners have spared no expense maintaining Iron House, so the new owner will be able to focus on income-generating strategies. The property is directly across the street from VCU’s indoor arena, the Siegel Center, a block from the VCU bookstore, and an easy walk or bike ride to the primary academic campus, Monroe Park, and its dining, recreational, and social offerings. With a Walk Score of 96, Iron House is a ‘Walker’s Paradise’ community, where daily errands do not require a car. Kroger, the area’s only major supermarket, is only a block west of the property.
STRENGTHS
-Infill location creates natural barriers against competition
-VCU’s steady growth continues to drive leasing and cash flows
-Property carries a sizeable prepaid rental balance
-All residential leases are co-signed @ 5x rent
-25 1BD units stay rented, anchoring income and occupancy
-100% units pay a scalable water/sewer fee
OPPORTUNITIES
-Iron House was an early acquisition for seller and is now their smallest property. Their operating model is no longer efficient at a property this size
-Create destination retail as a resident amenity to stand apart from competitors
-Terminate costly cable contract to save over $13,000 annually
-Deploy the latest marketing tactics like Spotify playlist targeting, YouTube Shorts and Instagram Reels
-Eliminate various technology-related administrative expenses
-Personnel expenses should be limited to successful leasing efforts and targeted maintenance calls
UNIT MIX:
-1 BD/1 BA: 25 units (566 average SF)
-2 BD/2 BA: 6 units (881 average SF)
-3 BD/2 BA: 4 units (1,221 average SF)
-Commercial: 4 units (1,465 average SF)
Iron House Apartments is a market rate multifamily asset with value-add upside in the ever-expanding Virginia Commonwealth University submarket. VCU enrollment continues to grow and demand for quality housing is as strong as it has ever been across all demographics. As Downtown Richmond evolves, the market will reward owners who prioritize entrepreneurial marketing tactics, provide integrated technologies, and offer retail amenities like fast casual dining. The current owners have spared no expense maintaining Iron House, so the new owner will be able to focus on income-generating strategies. The property is directly across the street from VCU’s indoor arena, the Siegel Center, a block from the VCU bookstore, and an easy walk or bike ride to the primary academic campus, Monroe Park, and its dining, recreational, and social offerings. With a Walk Score of 96, Iron House is a ‘Walker’s Paradise’ community, where daily errands do not require a car. Kroger, the area’s only major supermarket, is only a block west of the property.
STRENGTHS
-Infill location creates natural barriers against competition
-VCU’s steady growth continues to drive leasing and cash flows
-Property carries a sizeable prepaid rental balance
-All residential leases are co-signed @ 5x rent
-25 1BD units stay rented, anchoring income and occupancy
-100% units pay a scalable water/sewer fee
OPPORTUNITIES
-Iron House was an early acquisition for seller and is now their smallest property. Their operating model is no longer efficient at a property this size
-Create destination retail as a resident amenity to stand apart from competitors
-Terminate costly cable contract to save over $13,000 annually
-Deploy the latest marketing tactics like Spotify playlist targeting, YouTube Shorts and Instagram Reels
-Eliminate various technology-related administrative expenses
-Personnel expenses should be limited to successful leasing efforts and targeted maintenance calls
UNIT MIX:
-1 BD/1 BA: 25 units (566 average SF)
-2 BD/2 BA: 6 units (881 average SF)
-3 BD/2 BA: 4 units (1,221 average SF)
-Commercial: 4 units (1,465 average SF)
SALLE DE DONNÉES Cliquez ici pour accéder à
FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement | Taille du lot | 0,34 AC |
| Nombre d’unités | 35 | Taille du bâtiment | 30 165 pi² |
| Type de propriété | Immeuble residentiel | Occupation moyenne | 97% |
| Sous-type de propriété | Appartement | Nombre d’étages | 2 |
| Style d’appartement | De faible hauteur | Année de construction | 1915 |
| Classe d’immeuble | C | ||
| Zonage | B-6 - Commercial | ||
| Type de vente | Investissement |
| Nombre d’unités | 35 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,34 AC |
| Taille du bâtiment | 30 165 pi² |
| Occupation moyenne | 97% |
| Nombre d’étages | 2 |
| Année de construction | 1915 |
| Zonage | B-6 - Commercial |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Balcon
- Lave-vaisselle
- Micro-ondes
- Laveuse/Sécheuse
- Cuisine
- Comptoirs de granit
- Planchers de bois franc
- Accès Internet à haute vitesse
- Réfrigérateur
- Télévision satellite
- Four
- Électroménagers en acier inoxydable
- Tapis
- Congélateur
- Couvre-fenêtres
COMMODITÉS DU SITE
- Accès 24 heures
- Accès contrôlé
- Installations de lessive
- Commerce de détail sur place
- Entretien sur place
1 1
Walk Score®
Un paradis pour un marcheur (96)
Bike Score®
Très cyclable (88)
Impôts fonciers
| Numéro de lot | W000-0615-024 | Évaluation des bâtiments | 6 792 794 $ CAD |
| Évaluation du terrain | 1 864 193 $ CAD | Évaluation totale | 8 656 988 $ CAD |
Impôts fonciers
Numéro de lot
W000-0615-024
Évaluation du terrain
1 864 193 $ CAD
Évaluation des bâtiments
6 792 794 $ CAD
Évaluation totale
8 656 988 $ CAD
1 de 57
VIDÉOS
VISITE EXTÉRIEURE 3D MATTERPORT
VISITE 3D MATTERPORT
PHOTOS
VUE DEPUIS LA RUE
RUE
CARTE
1 de 1
Présenté par
Iron House Apartments | 1309 W Broad St
Vous êtes déjà membre? Connectez-vous
Hmm, il semble y avoir eu une erreur lors de l’envoi de votre message. Veuillez réessayer.
Merci! Votre message a été envoyé.