913 35Th St Richmond, VA 23223

Property Details for 913 35Th St

Year built

1915

Lot size

0.13 lot acres

Property size

2,260 SF

Property type

Commercial real estate

APN

E0001110018

Description

This charming two-unit apartment building in Richmond's Church Hill neighborhood presents a compelling value-add investment opportunity. Built in 1915, this two-story property boasts 2,260 square feet on a 0.129-acre lot (APN: E0001110018) and is zoned R-5. Each unit features two bedrooms and one bathroom, updated kitchens, in-unit laundry, and central air conditioning. Classic hardwood floors throughout add to the property's character. Currently, one unit is rented at $1,450 per month (lease expiring 1/31/25), while market rent for both units could reach $1,650 per month. The property also includes a large backyard, offering potential for off-street parking, and a sizable storage shed. The building's 50% occupancy provides immediate rental income and significant upside potential for increased returns. Located in the desirable Church Hill neighborhood, known for its historic charm, vibrant dining scene, and beautiful parks, this property offers a blend of income generation and potential for appreciation. This is a rare opportunity to acquire a well-located multifamily property in a thriving Richmond neighborhood. The property's strong fundamentals and location make it an ideal investment for both seasoned investors and those new to the market.