2303 Parkwood Ave Richmond, VA 23220-5251

This exceptional six-unit multifamily property is situated in the highly desirable Fan District of Richmond, Virginia, just a block south of Cary Street and east of Carytown and the Boulevard. The brick building boasts six apartments, each featuring two bedrooms, a full bathroom, a kitchen with an eating area, and in-unit laundry. Two apartments are located on each of the three floors. The second floor offers a balcony with composite decking, providing city views and outdoor space. The property benefits from easy access to major transportation routes, including the GRTC Pulse bus rapid transit system, and is within close proximity to the Virginia Museum of Fine Arts (VMFA), the University of Richmond, Byrd Park, and numerous local amenities such as coffee shops and a community garden directly across the street. Four units are currently occupied by long-term tenants, presenting an immediate income stream. The property's operational maintenance appears to be excellent. The two vacant units are located on the third floor and will be shown first to minimize disruption to existing tenants. Individual gas and electric meters are centrally located in the basement, and each apartment is equipped with window air conditioning units. Ample parking is available both on the street and in the alley. While the exact square footage of each apartment requires verification by the buyer (as visual observations differ from tax records), this property represents a significant investment opportunity with considerable upside potential. The property sits on a 0.06-acre lot at 2303 Parkwood Avenue. The asking price is $2,000,000.