Sold
301 S Granby St
Richmond VA, 23220
$2,550,000
$276.15 per sqft
Sold
9,234 sqft
Commercial
Built in 1963
This is a recently renovated, 13-unit property located adjacent to Richmond's highly desired Fan Neighborhood. Conveniently located in the heart of the city, the property is an appealing housing option for a large swath of individuals ranging from students to young professionals.
The property was renovated in 2019 and consists of all two-bedroom, one-bathroom layouts with finishes including granite countertops, stainless steel appliances, and newly finished bathrooms. Tenants can enjoy off street parking, in-unit washer and dryers, and an outdoor gathering space with a grill located in the rear of the property. Electricity for the units is individually metered. Tenants pay a monthly fee of $10 for trash removal and water is charged back to the tenants on a RUBS system. The most recent unit to be leased is rented for $1450/month. Based on this proven increase in rent, all units can obtain the same monthly rate moving forward and thus opening up large potential value for the next property owner. 301 South Granby St is a fantastic opportunity for any investor looking to aggressively expand their portfolio in the Richmond market or enter the market with true presence.
2302406
MLSⓇ ID
January 16, 2023
Listed
April 12, 2024
Updated
Map
301 S Granby St
Richmond VA, 23220
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.39 Acres
Lot Features
Level
Roof
Flat
Sewer
Public Sewer
Other Property Details
Area Name
10 - Richmond
Days on Market
104
Garage
No
View
No
County
Richmond City
Water Source
Public
Pool
No
Buyer Agency Compensation
2%
Courtesy of One South Realty Group, LLC
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 listings are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
Date last updated: 4/12/2024