213-215 St St Richmond, VA 23223

This exceptional nine-unit multifamily property, situated on a 0.14-acre lot at 213-215 N 18th & 213 Rear North 18th Street in Richmond, VA, presents a compelling investment opportunity. The property boasts a total of 10,024 square feet and comprises a mix of one- and two-bedroom units, complemented by a detached single-family home at the rear. This single-family residence features two bedrooms, two bathrooms, and a three-bay garage, adding significant value and versatility. All units showcase modern finishes that beautifully contrast with the building's historic character. Convenient off-street parking is provided for all tenants. The property's prime location places it within easy walking distance of Shockoe Bottom's vibrant array of boutiques, restaurants, and coffee shops. Its proximity to both the VCU Medical Center and the Virginia State Capitol Campus ensures high occupancy rates and strong rental demand. A pro-forma is available, highlighting the significant rental upside potential due to the property's desirable location and spacious unit sizes. Furthermore, the B-5 zoning classification opens up possibilities for short-term furnished rentals, further enhancing the investment potential. Priced at $1,695,000, this property is an ideal addition to an existing portfolio or a strong entry point for investors seeking a high-return investment in the thriving Richmond market.