401 E Brookland Park Boulevard, Richmond, VA 23222

$2,500,000

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List Price
$2,500,000
Days on Market
238
MLS#
CVR-2510457
Status
PENDING
Type
Commercial
Year Built
1967
County
Richmond City
Region
30 - Richmond

Property Description

Exceptional Investment Opportunity – 26-Unit Multifamily Property! Discover the potential of this all-brick multifamily complex, featuring 26 units comprised of 18 spacious 2-bedroom, 1-bath apartments and 8 efficient 1-bath studio units. Six units have been recently renovated and are rent-ready—perfect for immediate cash flow! With newer vinyl windows and a durable brick exterior, this property offers low-maintenance ownership and long-term value. Market rents are strong, with efficiency units projected at $1,000/month and 2-bedroom units at $1,200/month, giving this property significant upside potential. Current monthly rental income stands at $14,572, leaving plenty of room to increase revenue as more units are updated and leased at market rates. Don’t miss your chance to invest in a high-potential asset with solid fundamentals and room to grow. Contact us today to schedule your private tour!

Additional Information

Acres
1

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Listing courtesy of River City Elite Properties.

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