$1,342,000
$1,400,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
11,760 SqFt
SOLD DATE : 09/23/2022
Key Details
Sold Price $1,342,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 11,760 sqft
Price per Sqft $114
MLS Listing ID 2220918
Sold Date 09/23/22
Style Garden Home
HOA Y/N No
Year Built 1973
Lot Size 1.110 Acres
Acres 1.11
Property Description
12 unit townhouse investment opportunity with below market rents. Located in an established working class neighborhood in Colonial Heights, the property has a strong rental history and low turnover. The property consists of twelve townhouse units averaging 980 sqft. Each unit is a 2 bedroom/1.5nbathroom floor plan. A large lot provides the property ample parking for both residents and guests. A strong upside opportunity exists as all tenants are well below market rent. Taking advantage of this value-add venture would maximize the property's earning potential.
Location
State VA
County Colonial Heights
Area 55 - Colonial Heights
Interior
Cooling Central Air
Exterior
Exterior Feature Other
Roof Type Built-Up
Topography Level
Building
Lot Description Level
Building Description Brick,Metal Siding,Vinyl Siding, Multi-Tenant,No Elevators
Story 2
Sewer Public Sewer
Water Public
Architectural Style Garden Home
Level or Stories Two
Structure Type Brick,Metal Siding,Vinyl Siding
Others
Tax ID 2300-02-0D-020
Ownership Investment
Financing Conventional
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Bought with One South Realty Group, LLC
