Adam Carswell - REMAX Distinctive
821 West Broad Street
, VA 23220

Description

VCU central! Looking for an investment opportunity near VCU for both live AND work with a truly walkable location? 821 W Broad offers a stable investment with value-add potential through rental upside & unit mix re-positioning or an attractive owner-occupant opportunity with cash flow & minimal management. The building is a mixed use 2 story 4,000 SF triplex, comprised of two residential units & an 800 SF commercial retail space fronting W Broad St which provides shared access for all tenants to a 2,000 SF full basement. The 1st floor commercial unit has been the residence of a locally owned barbershop for almost 60 years & offers a beautiful retail storefront. The 1 bedroom studio apartment is also located on the 1st floor. The entire 2nd floor is comprised of a renovated modern apartment with open layout, atrium, high ceilings, maple floors, and custom built-ins and finishes. The 2nd floor apartment also enjoys virtually exclusive access to a private rear patio/courtyard. The original elevator shaft, located at the rear of the building, is still in place & could be an opportunity for re-installation or the chance to recapture rentable square footage on both the 1st & 2nd floors.

Details

MLS#1806205
Sub-TypeResale
StatusPending
Year1910
Days On Site209

Features

SQ Feet4,000
Building(s)1

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Area Information

StateVA
Zip Code23220
Area10 - Richmond
Listing VS Median (in 23220)
Price:
$750,000
low | high
Med:
$369,950
100% of Average
SqFt:
4,000
low | high
Med:
2,688
82.8% of Average
$ / SqFt:
$188
low | high
Med:
$138
76.597222222222% of Average
On Site:
209
low | high
Med:
18
100% of Average
Listing Updated: 11/11/2018
MLS Number: 1806205
Listing Provided By:
Ann Schweitzer  of  One South Realty Group LLC