2917 M St, Richmond, VA 23223
4 Unit Apartment Building | $699,000 ($174,750/Unit) | Richmond, VA 23223
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $699,000
- Property Type
-
Multifamily
- Square Feet
- 2,600 SF
Listing Contacts
Justin Sledd
Verified Profile
- Property Info
Property Overview
One South Commercial is pleased to offer an exciting opportunity to purchase a four unit multi-family building in Richmond’s Church Hill neighborhood. Constructed in 1961, 2917 M Street offers four continuously occupied revenue-generating units. Each unit features two
bedrooms/one bathroom and is well appointed with washer/dryer, central air, and hardwood flooring. Each unit is also individually metered for electricity. A large parking area with alley access provides four off-street parking spaces for the tenants. Major capital improvements to the property include replacement of the water mains to all units in 2019.
The Church Hill neighborhood is garnering national recognition for its vibrant food and urban living scene as numerous publications have produced rave reviews of the restaurants, bakeries, cafes, and boutiques in the area. With its stately pre-Civil War homes as the centerpiece, the neighborhood is one of the most sought after areas to live in Richmond. Close to VCU Health Systems, the Central Business District, the State Capitol and numerous state offices, the Federal Court House, and the City of Richmond’s government center, 2917 M Street is prominently positioned in the economically growing Church Hill neighborhood.
Seller has an existing property management agreement in place that conveys with the sale of the property and cannot be terminated.
bedrooms/one bathroom and is well appointed with washer/dryer, central air, and hardwood flooring. Each unit is also individually metered for electricity. A large parking area with alley access provides four off-street parking spaces for the tenants. Major capital improvements to the property include replacement of the water mains to all units in 2019.
The Church Hill neighborhood is garnering national recognition for its vibrant food and urban living scene as numerous publications have produced rave reviews of the restaurants, bakeries, cafes, and boutiques in the area. With its stately pre-Civil War homes as the centerpiece, the neighborhood is one of the most sought after areas to live in Richmond. Close to VCU Health Systems, the Central Business District, the State Capitol and numerous state offices, the Federal Court House, and the City of Richmond’s government center, 2917 M Street is prominently positioned in the economically growing Church Hill neighborhood.
Seller has an existing property management agreement in place that conveys with the sale of the property and cannot be terminated.
Property Details
- Class
- C
- Year Built
- 1961
- Stories
- 2
- Lot Size (sq. ft)
- 4,792 SF
- Units
- 4
Highlights
- 4 residential units
- R-63 multi-family zoning
- 2,600 SF
- Off street parking
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