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Stabilized 8-Unit Apartments with Upside 2000 Lamb Ave 8 Unité Immeuble d’appartements 1 742 849 $ CAD (217 856 $ CAD/Unité) Richmond, VA 23222
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Faits saillants de l'investissement
- Strong historical occupancy
- Off-street parking
- 6 of 8 units renovated
Résumé de l'annonce
2000 Lamb Avenue presents a compelling opportunity to acquire a stabilized, value-add multifamily asset in an improving Richmond submarket. The property consists of eight (8) apartment units and has strong historical occupancy, offering immediate cash flow with upside remaining.
Ownership has completed substantial capital improvements, including full renovations of six (6) of the eight units, exterior painting, window replacement as needed and paving of the rear parking lot, significantly reducing near-term capital expenditure needs. The renovated units feature modern finishes in the kitchen & bathroom and in-unit washer and dryers, a highly desirable amenity that supports strong tenant demand and retention.
Despite the recent improvements, the property still offers a clear value-add opportunity through the renovation of the remaining two units. Additionally, current rents remain slightly below market, providing investors the ability to capture further upside through strategic rent growth as units turn and market conditions continue to strengthen.
Located in an area of Richmond that continues to see reinvestment and neighborhood improvement, 2000 Lamb Avenue benefits from solid fundamentals, strong occupancy, and long-term appreciation potential. This asset is well suited for investors seeking a balance of stable income today with meaningful upside tomorrow.
Ownership has completed substantial capital improvements, including full renovations of six (6) of the eight units, exterior painting, window replacement as needed and paving of the rear parking lot, significantly reducing near-term capital expenditure needs. The renovated units feature modern finishes in the kitchen & bathroom and in-unit washer and dryers, a highly desirable amenity that supports strong tenant demand and retention.
Despite the recent improvements, the property still offers a clear value-add opportunity through the renovation of the remaining two units. Additionally, current rents remain slightly below market, providing investors the ability to capture further upside through strategic rent growth as units turn and market conditions continue to strengthen.
Located in an area of Richmond that continues to see reinvestment and neighborhood improvement, 2000 Lamb Avenue benefits from solid fundamentals, strong occupancy, and long-term appreciation potential. This asset is well suited for investors seeking a balance of stable income today with meaningful upside tomorrow.
Faits sur la propriété
| Prix | 1 742 849 $ CAD | Classe d’immeuble | C |
| Prix par unité | 217 856 $ CAD | Taille du lot | 0,24 AC |
| Type de vente | Investissement | Taille du bâtiment | 5 692 pi² |
| Nombre d’unités | 8 | Occupation moyenne | 100% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction | 1969 |
| Style d’appartement | De faible hauteur | ||
| Zonage | R-53 | ||
| Prix | 1 742 849 $ CAD |
| Prix par unité | 217 856 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 8 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,24 AC |
| Taille du bâtiment | 5 692 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1969 |
| Zonage | R-53 |
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Impôts fonciers
| Numéro de lot | N000-0409-003 | Évaluation des bâtiments | 943 971 $ CAD |
| Évaluation du terrain | 75 027 $ CAD | Évaluation totale | 1 018 998 $ CAD |
Impôts fonciers
Numéro de lot
N000-0409-003
Évaluation du terrain
75 027 $ CAD
Évaluation des bâtiments
943 971 $ CAD
Évaluation totale
1 018 998 $ CAD
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Stabilized 8-Unit Apartments with Upside | 2000 Lamb Ave
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