18 Franklin StRichmond, VA 23220

Property Details for 18 Franklin St

Year built

1895

Lot size

0.09 AC

Property size (Sq ft)

5,030 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This meticulously renovated, 5-unit apartment building presents a rare investment opportunity in Richmond's vibrant Monroe Ward. Located at 18 W Franklin St, this three-story, 5,030 square foot building, constructed in 1895, seamlessly blends historic charm with modern luxury. Each unit features high-end finishes, including updated kitchens and bathrooms, and designer furnishings, ensuring a comfortable and stylish stay for guests. The property boasts an excellent rental history as a short-term rental, commanding top dollar rents due to its prime location near VCU, the Jefferson Hotel, and the Downtown YMCA. Guests enjoy easy access to renowned restaurants, cultural attractions, and the city's thriving arts scene. The 0.092-acre lot includes 5 off-street parking spaces. The property is zoned R-O3 and features a proven track record of income generation, making it an ideal investment for discerning buyers. The building's historical character, combined with its modern amenities and central location, ensures a strong return on investment in a highly sought-after neighborhood. The APN is W0000104022. This turnkey opportunity is perfect for an entry-level investor seeking a high-income, short-term rental property.

Location Insight

City

Richmond

County

Henrico

State

Virginia

Latitude

37.5446

Longitude

-77.444

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