15-Unit Opportunity Zone Apartment Building at City Center
$3,100,000
412 North 3rd Street, Richmond, VA 23219
18,336 sqft
Building Size
0.3 acres
Lot Area
Details:
Highlights:
- Richmond Opportunity Zone
- Multifamily investment opportunity in central Richmond
- Well-positioned for long-term portfolio growth
- Attractive opportunity for private investors
- stable rental income
- Sale offering with investment upside
Description:
15 Unit Multi-Family Property located in one of Richmond's most exciting locations, only steps from the Richmond Convention Center, Coliseum Mixed-Use Project, Transfer Station, MCV, with interstate access and in a Federally Designated Opportunity Zone. Bliley's Garage Apartments at Richmond's City Center was built in 1930 and redeveloped in 2011 to 15 brownstone apartments consisting of(10) 1 and (5)2 bedroom units. The integrity of its design and construction earned developers the Better Housing Coalition Golden Hammer Award for the region's best and most environmentally-friendly project and the Greater Richmond Association of Commercial Real Estate's Best Multi-Family Project. Designated solar panels reduce carbon emissions and lower tenant costs. Along with the attached garage, character and charm of Bliley's Garage Apartments, structurally superior building with a blend of original, historic and modern features. Advanced energy-efficient systems, the outdoor patio, large, open spaces, tall ceilings and windows allow for an abundance of natural lighting. Custom kitchens crafted with handmade cabinets and unique finishes add to the industrial feel and integrity of one of Jackson Ward's most historically prominent properties. Enjoy stable income with opportunity to increase rentable square footage. Opportunity Zone Incentives Apply.
Opportunity Zone Downtown location, steps from Richmond's Convention Center, Medical College of Va., Children's Hospital, VCU School of Dentistry, Downtown Richmond Government Offices, ,J. Sargeant Reynolds Community College, multiple restaurants, and service businesses at I-64 and Richmond's upcoming 10-bay transit hub and mixed-use center.
Electric
Solar
Documents:
| Title | ||
|---|---|---|
| Offering_Memorandum__P_.pdf |
Location
Gallery
