FOR SALE - VCU Student Housing Portfolio – Eight Income Producing Units @ Corner of Floyd Ave. & N.

FOR SALE - VCU Student Housing Portfolio – Eight Income Producing Units @ Corner of Floyd Ave. & N. Harrison St. - Located in Heart of Monroe Park Campus - 1100-1102 Floyd Ave., Richmond, VA 23220

Current Gross Annual Rental Income: $80,840± – Potential Annual Rental Income: $110,000+ - Value-Add Potential - Strong History of Consistent Rental Income – Minimum 12 Month Lease for Each Unit – Current Tenants Plan to Renew Leases - Two Attached Single Family Townhouses Converted to VCU Student Housing - Each Building Contains 4 Separate Bedrooms Leased As 1-Bedroom Units - Prime Location @ Corner of Floyd Ave. & N. Harrison St. - Convenient Access to RVA’s Fan District, Carytown, Broad Street Corridor, Scott’s Addition, Downtown RVA & More! – NEW ROOF - Large Bedrooms, High Ceilings, Oversized Kitchens – Updated Bathrooms – Updated HVAC Units – Beautiful Tredegar Iron Work – Each Building Separately Metered

CALL TODAY FOR MORE DETAILS!

For More Information Please Contact Dudley Resources @ (804) 709-1854

List Price: $1,400,000 - Detailed Rent Roll & Expenses Available Upon Request

SEE CITY OF RICHMOND ZONING LETTER IN DOCUMENTS REGARDING RENTAL UNITS

Highlights:

  • Current Gross Annual Rental Income: $80,840± – Potential Annual Rental Income: $110,000+ - Value-Add Potential - Strong History of Consistent Rental Income – Minimum 12 Month Lease for Each Unit – Current Tenants Plan to Renew Leases
  • Two Attached Single Family Townhouses Converted to VCU Student Housing - Each Building Contains 4 Separate Bedrooms Leased As 1-Bedroom Units
  • Prime Location @ Corner of Floyd Ave. & N. Harrison St. - Within Walking Distance to Altria Theater – Convenient Access to RVA’s Fan District, Carytown, Broad Street Corridor, Scott’s Addition, Downtown RVA & More!
  • Total Size: 5,442± SF – Built in 1920 – Two Stories – Assessed @ $1,195,000 – Large Bedrooms, High Ceilings, Oversized Kitchens – NEW ROOF - Updated Bathrooms – Updated HVAC Units – Beautiful Tredegar Iron Work – Multiple Fireplaces – Each Building Separately Metered
  • Oversized, 2-Car Garage Behind 1100 Floyd Ave. – Additional Potential Monthly Revenue Source – Private, Reserved Parking Spaces Behind Buildings For Tenants
  • Immediate Proximity to Virginia Commonwealth University’s Monroe Park Campus - Grace E. Harris Hall, Academic Learning Commons, James Branch Cabell Library
  • Surrounded By Restaurants, Retail & Entertainment Including The Jefferson Hotel, The Graduate Hotel, Postbellum, City Dogs, Greenbrier Café and Coffehouse, Kokonet Grill, Pupatella, China Dragon, Piccola Italy Pizza & Subs & More!
     
  • 1100 Floyd Ave., Richmond, VA 232220
    • Current Gross Rental Income: $40,440±
    • 4 Bedroom Townhouse Converted to Student Housing @ Floyd & N. Harrison
    • NEW ROOF - Built in 1920 – 2,742 SF - 2.5 Bathrooms – Brick Exterior - Updated HVAC System – Multiple Fireplaces – 342 SF Basement – 124 SF Open Porch - 2 Car, 396 SF Detached Garage – Potential Monthly Income Source
    • Zoned R-6 - Lot Size: 0.06 AC – Lot Dimensions: 18’x147’x17’x147’
    • CVR MLS Area 10 - Assessed @ $606,000 – 2020 Annual Taxes: $6,777
       
  • 1102 Floyd Ave., Richmond, VA 232220
    • Current Gross Rental Income: $40,440±
    • 4 Bedroom Townhouse Converted to Student Housing @ Floyd & N. Harrison
    • NEW ROOF - Built in 1920 – 2,7389 SF - 2.5 Bathrooms – Brick Exterior - Updated HVAC System – Multiple Fireplaces – 337 SF Basement – 124 SF Open Porch
    • Zoned R-6 - Lot Size: 0.06 AC – Lot Dimensions: 18’x147’x18’x147’
    • CVR MLS Area 10 - Assessed @ $589,000 – 2020 Annual Taxes: $6,618

City of Richmond Zoning Letter & Zoning History.Floyd Ave.

City of Richmond Zoning Letter & Zoning History.Floyd Ave.

Tax Record.1100 Floyd Ave., Richmond, VA 23220

Tax Record.1100 Floyd Ave., Richmond, VA 23220

Tax Record.1102 Floyd Ave., Richmond, VA 23220

Tax Record.1102 Floyd Ave., Richmond, VA 23220

Realist Report.1100 Floyd Ave., Richmond, VA 23220

Realist Report.1100 Floyd Ave., Richmond, VA 23220

Realist Report.1102 Floyd Ave., Richmond, VA 23220

Realist Report.1102 Floyd Ave., Richmond, VA 23220