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Tiffany Hite Stevens

tiffany@tiffanyhitestevens.com +1(804) 467-8433

$ 1,600,000

Est. payment -/mo

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1012 Park AVE Richmond, VA 23220

5,283 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,283 sqft

Price per Sqft $302

MLS Listing ID 2525663

Style Tri-Level

Construction Status Actual

HOA Y/N No

Year Built 1910

Annual Tax Amount $13,164

Tax Year 2025

Lot Size 2,657 Sqft

Acres 0.061

Property Sub-Type Quadruplex

Property Description

AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 11 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,835 and has been owned for 19 years with 100% occupancy. With high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps from all of the amenities the FAN has to offer.

Location

State VA

County Richmond City

Area 10 - Richmond

Direction GPS

Rooms

Basement Full, Finished

Interior

Interior Features Ceiling Fan(s), Double Vanity, Eat-in Kitchen, High Ceilings, High Speed Internet, Kitchen Island, Recessed Lighting, Tile Countertop, Tile Counters, Cable TV, Wired for Data

Appliance Electric Water Heater

Laundry Washer Hookup, Dryer Hookup, Stacked

Exterior

Fence None

Roof Type Metal

Porch Front Porch

Garage No

Building

Story 4

Sewer Public Sewer

Water Public

Architectural Style Tri-Level

Level or Stories Three Or More, Multi/Split

Structure Type Brick,Drywall

Construction Status Actual

Schools

Elementary Schools Fox

Middle Schools Dogwood

High Schools Thomas Jefferson

Others

Tax ID W000-0462-017

Ownership Individuals

Listed by The Mueller Group LLC

Tiffany Hite Stevens

Agent

+1(804) 467-8433

Tiffany Hite Stevens

1012 Park AVE Richmond, VA 23220

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1012 Park AVE