2000 Lamb Ave Richmond, VA 23222
Stabilized multifamily asset with value-add potential in Richmond.
Property size:
5,692 SFLot size:
0.24 AcresProperty Features for 2000 Lamb Ave
General Information
- Standard status
- Active
- Zoning
- R-53
- Size
- 5,692 SF
- Lot size
- 0.24 Acres
Building Details
- Year built
- 1969
Source:
Crexi
Listing Agency: One South Commercial Listing Agent: Tom Rosman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Richmond Multifamily Investment Opportunity
2000 Lamb Avenue presents an opportunity to acquire a stabilized, value-add multifamily asset in an improving Richmond submarket. The property consists of eight apartment units and has strong historical occupancy, offering immediate cash flow with upside remaining. Ownership has completed substantial capital improvements, including full renovations of six of the eight units, exterior painting, window replacement as needed and paving of the rear parking lot, significantly reducing near-term capital expenditure needs. The renovated units feature modern finishes in the kitchen & bathroom and in-unit washer and dryers, a highly desirable amenity that supports strong tenant demand and retention. Despite the recent improvements, the property still offers a clear value-add opportunity through the renovation of the remaining two units. Additionally, current rents remain slightly below market, providing investors the ability to capture further upside through strategic rent growth as units turn and market conditions continue to strengthen. Located in an area of Richmond that continues to see reinvestment and neighborhood improvement, 2000 Lamb Avenue benefits from solid fundamentals, strong occupancy, and long-term appreciation potential. This asset is well suited for investors seeking a balance of stable income today with meaningful upside tomorrow. The property size is 5692 square feet.
Location Intelligence
Current Use by Public Records
Lamb Avenue Apartments
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4315298
- Latitude
- 37.5602749
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Stabilized multifamily asset with value-add potential in Richmond.
Where is this apartment building located?
The property is located at 2000 Lamb Ave Richmond, VA.
What are key features of this property?
This property features: - Immediate cash flow from a stabilized multifamily asset with strong historical occupancy.; - Six of eight units are **fully renovated with modern finishes and in-unit washer/dryers.**; - Significant capital improvements completed, including exterior painting, window replacement, and parking lot paving.
