14 W Broad Street

    Richmond, VA 23220
    • $2,025,000
    • STATUS: Closed
    • ON SITE: 367 days
    • MLS #: 1804812
    $2,025,000
    SOLD - 05/21/2018
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1917
    County:

    School Ratings & Info

    Description

    Located in the heart of the Arts and Cultural District, The Simon Cycle Building located at 10 and 12 West Broad offers a purchaser a stable investment along with good upside potential. Built circa 1904 and totally renovated in 2010-11, the developers / owners replaced all of the HVAC, Plumbing, Electrical, Kitchens and Baths and put on a new Roof. The building consists of 15 spaces +GG 14 apartments and 1 ground floor retail space currently leased by a gallery. There are 6 one-bedroom apartments, 6 two-bedroom apartments and 2 three-bedroom apartments. The apartments offer high ceilings with a loft style feel. They have hardwood floors, granite countertops, maple cabinets, exposed brick and stainless steel appliances. The units are in high demand in this area and the owner should enjoy increases annually as the neighborhood becomes more popular. (The Richmond Metro Area experienced the 5th highest rental increase by percentage in the country in 2017.)

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    All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2019 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-02-16T18:57:05.233.
    www.thervalife.com/homes/80729376

    14 W Broad Street Richmond, VA 23220

    • Price: $2,430,000
    • Status: Closed
    • Updated: 77 min ago
    • MLS #: 1804812
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1917
    Built
    Neighborhood:
    10 - Richmond
    County:
    Richmond
    Area:
    10 - Richmond
    Property Description
    Located in the heart of the Arts and Cultural District, The Simon Cycle Building located at 10 and 12 West Broad offers a purchaser a stable investment along with good upside potential. Built circa 1904 and totally renovated in 2010-11, the developers / owners replaced all of the HVAC, Plumbing, Electrical, Kitchens and Baths and put on a new Roof. The building consists of 15 spaces +GG 14 apartments and 1 ground floor retail space currently leased by a gallery. There are 6 one-bedroom apartments, 6 two-bedroom apartments and 2 three-bedroom apartments. The apartments offer high ceilings with a loft style feel. They have hardwood floors, granite countertops, maple cabinets, exposed brick and stainless steel appliances. The units are in high demand in this area and the owner should enjoy increases annually as the neighborhood becomes more popular. (The Richmond Metro Area experienced the 5th highest rental increase by percentage in the country in 2017.)
    Exterior Features

    Doors Other Drainage Good Exterior Brick Irrigation None Road Type City Maintained Road Roof Metal Topography Level

    Interior Features

    Disability Equipped YN No Elevator YN No Heating Cooling ElectricForced Hot Air Rooms Entered 14 Total Building Sq Ft 18066

    Property Features

    Assessed Total 0 Availability Type Sale Building Condition Average Federal Tax Credit Eligibility YN Yes Loan Payoff YN Yes Multi Family Type Garden/Low-Rise Owner Agent YN No Ownership Investment Pct Occupied 100.0000 Possession At Closing Retail Type Street Retail Sewer Sanitary Sewer Tenancy Multiple Total Num Commercial Units 15 Water Source Public Water

    Listing courtesy of One South Realty Group, Llc. Listing information © 2019 CVRMLS and CBRAR.


    All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2019 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-02-16T18:57:05.233.
     
    Small & Associates, Inc. Real Estate
    5413 Patterson Ave., Suite 200
    Richmond VA, 23226