323 W Broad Street

    Richmond, VA 23220
    • $1,350,000
    • STATUS: Closed
    • ON SITE: 256 days
    • MLS #: 1816107
    $1,350,000
    SOLD - 11/16/2018
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1915
    County:

    School Ratings & Info

    Description

    Situated in the heart of the Arts and Cultural District, Artisan Alley Apartments located at 323 West Broad offers a purchaser a stableinvestment along with excellent upside potential. Built circa 1915 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 9 spaces 8 apartments and 1 ground floor retail space currently leased by a upscale womens clothing boutique, Mod & Soul. There are 3 three-bedroom apartments, 4 two-bedroom apartments, and 1 one-bedroom apartments.The apartments offer high ceilings with a loft style feel alongside exposed brick wall accents, historic trims, and grand oversize historic windows. Hardwood floors, granite countertops, maple cabinets, and stainless steel appliances complete the space. 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.) Artisan Alley Apartments will be a solid investment for years to come for the new owner.

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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: 2019-01-16T07:57:06.197.
    www.thervalife.com/homes/83235595

    323 W Broad Street Richmond, VA 23220

    • Price: $1,600,000
    • Status: Closed
    • Updated: 70 min ago
    • MLS #: 1816107
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1915
    Built
    Neighborhood:
    10 - Richmond
    County:
    Richmond
    Area:
    10 - Richmond
    Property Description
    Situated in the heart of the Arts and Cultural District, Artisan Alley Apartments located at 323 West Broad offers a purchaser a stableinvestment along with excellent upside potential. Built circa 1915 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 9 spaces 8 apartments and 1 ground floor retail space currently leased by a upscale womens clothing boutique, Mod & Soul. There are 3 three-bedroom apartments, 4 two-bedroom apartments, and 1 one-bedroom apartments.The apartments offer high ceilings with a loft style feel alongside exposed brick wall accents, historic trims, and grand oversize historic windows. Hardwood floors, granite countertops, maple cabinets, and stainless steel appliances complete the space. 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.) Artisan Alley Apartments will be a solid investment for years to come for the new owner.
    Exterior Features

    Doors Other Drainage Good Exterior Brick Irrigation None Num Levels 3.00 Road Type City Maintained Road Roof Built-Up Topography Level

    Interior Features

    Disability Equipped YN No Elevator YN No Heating Cooling Central Air Total Building Sq Ft 11432

    Property Features

    Assessed Total 0 Availability Type Sale Building Condition Good Federal Tax Credit Eligibility YN No Multi Family Type Mid/High-Rise Owner Agent YN No Ownership Investment Pct Occupied 100.0000 Possession At Closing Sewer Septic Tenancy Multiple 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: 2019-01-16T07:57:06.197.
     
    Small & Associates, Inc. Real Estate
    5413 Patterson Ave., Suite 200
    Richmond VA, 23226