Kadjologo Coulibaly - REMAX Distinctive
323 West Broad Street
, VA 23220

$1,600,000

Description

Situated in the heart of the Arts and Cultural District, Artisan Alley Apartments located at 323 West Broad offers a purchaser a stable investment 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.

Details

MLS#1816107
Sub-TypeResale
StatusPending
Year1915
Days On Site169

Features

Story(s)3

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Attachments

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Area Information

StateVA
Zip Code23220
Area10 - Richmond
Listing VS Median (in 23220)
Price:
$1,600,000
low | high
Med:
$339,250
100% of Average
On Site:
169
low | high
Med:
93
100% of Average
Listing Updated: 10/20/2018
MLS Number: 1816107
Listing Provided By:
Ann Schweitzer  of  One South Realty Group LLC