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$989,000
CVR-2614044 MLS
Outstanding opportunity to acquire an investor friendly 9-unit multifamily asset with stabilized rental income and an appraisal-supported cap rate of approximately 8.5% and current seller-provided operating figures close to a 9.5% cap rate. With average rent at $1200 per unit this investment opportunity is strong and reliable. The two-story brick apartment building offers a practical and consistent unit mix with nine (9) 2-bedroom, 1-bath residences, each approximately 700 square feet, for a total building size of approximately 6,448 square feet on a 0.27-acre parcel. The property features a NEWER roof, NEW exterior access, durable brick construction, multiple unit entrances, and functional interior layouts that support long-term rental operations. The property offers a courtyard-style exterior, low-maintenance brick façade, and bright interior spaces. Select units feature hardwood or plank-style flooring, white kitchen cabinetry, electric range appliances, and neutral wall colors. The interiors provide simple, efficient layouts that allow for continued rental use while also presenting potential for future cosmetic updates or operational improvements. Tenants are responsible for heat and electric, while the landlord pays for water and trash removal. The property also offers some off-street parking, along with convenient access to nearby public transportation and Interstate 64. All units are tenant occupied with a strong rent roll. Recent improvements and area growth suggest potential upside through lease-up, rent optimization, or future improvements, subject to market conditions and applicable lease terms. With a consistent tenant base, low maintenance, and strong rental income this apartment building presents a compelling opportunity for investors seeking a multifamily property in the Richmond market. Reach out today!

2115 Phaup Street, Richmond
$129,000
CVR-2613170 MLS
**Builders Wanted** We have a Great Lot for any experienced builder. This lot is in Woodville, it is zoned R-5, and the lot is 50' x 125'. This is a buildable lot, and with an SUP, you should be able to build 2 single family attached homes. R-5 zoning allows for up to 35' tall heights for new properties. There are new builds popping up all over this area of Richmond. Check with the City to make sure you can build what you want. We have 3 available lots in this area, 2015 & 2120 Selden St.. Drive by and take a look today.

2620 Newbourne Street, Richmond
$64,500
CVR-2613164 MLS
**Builders Wanted** We have a Great Lot for any experienced builder. This lot is in Woodville, it is zoned R-5, and the lot is 32' x 138'. This is a buildable lot, had a home on it many, many years ago. R-5 zoning allows for up to 35' tall heights for new properties. There are new builds popping up all over this area of Richmond. Check with the City to make sure you can build what you want. We have 3 available lots in this area at 2015 Selden St. and 2620 Newbourne St.. Drive by and take a look today.

2120 Selden Street, Richmond
$64,500
CVR-2613160 MLS
**Builders Wanted** We have a Great Lot for any experienced builder. This lot is in Woodville, it is zoned R-5, and the lot is 31' x 122'. This is a buildable lot, had a home on it many, many years ago. R-5 zoning allows for up to 35' tall heights for new properties. There are new builds popping up all over this area of Richmond. Check with the City to make sure you can build what you want. We have 3 available lots in this area at 2120 Selden St. and 2620 Newbourne St.. Drive by and take a look today.

2015 Selden Street, Richmond