NOT LISTED FOR SALE
-- Bed
-- Bath
3,420 Sq Ft
3,498 Sq Ft Lot

Last Sold March 29, 2024

Last sale price $640,000 $187 Per Sq Ft

14 Days on Market

Highlights

  • Victorian Architecture
  • High Ceiling
  • Ceiling Fan
  • Open High School Rated A+
  • Front Porch
  • 4-minute walk to Meadow Park

About This Home

As of March 2024

Exceptional Investment Opportunity in the Fan! A rare chance for savvy investors to acquire a fully rented six-unit apartment building in the W Grace street historic district. Each unit has one bedroom, one bath, with individual fridges, oven/stoves, and AC window units. Tenants benefit from separate electric meters. The owner covers water, sewer, trash, and gas (including radiant heat & hot water), ensuring ease of maintenance. The building includes a shared washer/dryer in the hallway, adding convenience for residents. Perfectly located at the corner of Grace and Meadow, this property is in high demand due to its proximity to VCU/MCV as well as being in walking distance to all things “Fan." Its strategic position ensures a steady income stream. Easy to rent and manage, it's an ideal opportunity for investors seeking a profitable and straightforward venture in a lively neighborhood.

Last Agent to Sell the Property

Christopher Small

Small & Associates License #0225108723 Listed on: 01/19/2024

Last Buyer's Agent

Christy Bowman

Harris & Assoc, Inc License #0225241207

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,736

Year Built

  • Built in 1910

Lot Details

  • 3,498 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Victorian Architecture
  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 3,420 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Basement
  • Dirt Floor
  • Stacked Washer and Dryer

Outdoor Features

  • Front Porch

Schools

  • Fox Elementary School
  • Dogwood Middle School
  • Thomas Jefferson High School

Listing and Financial Details

  • Assessor Parcel Number W000-0911-030

Community Details

Overview

  • 4 Units
  • Low-Rise Condominium

Building Details

  • Gross Income $5,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,736

Year Built

Built in 1910

Lot Details

3,498 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1910
  • Lot Size Acres: 0.0803
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Victorian, Low Rise
  • Garage Yn: No
  • Year Built Details: Actual
  • General Property Information Below Grade Unfinished Area: 520.0
  • Special Features: None

Interior Features

  • Basement: Dirt Floor
  • Basement YN: Yes
  • Interior Amenities: Ceiling Fan(s), High Ceilings
  • Living Area: 3420.0
  • Stories: 2

Exterior Features

  • Roof: Slate
  • Fencing: Back Yard, Fenced
  • Waterfront: No
  • Construction Type: Brick
  • Patio And Porch Features: Front Porch

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0911-030
  • Zoning Description: R-48
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 5610.0
  • Number Of Units Total: 4

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8736.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2024 03/29/24 Sold $640,000 -7.9% $187 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
01/30/2024 01/30/24 Price Changed $695,000 -7.3% $203 / Sq Ft
01/19/2024 01/19/24 For Sale $749,950 -- $219 / Sq Ft
Source: Central Virginia Regional MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,736 $655,000 $210,000 $445,000
2024 $8,736 $728,000 $210,000 $518,000
2023 $8,736 $728,000 $210,000 $518,000
2022 $7,944 $662,000 $210,000 $452,000
2020 $7,536 $628,000 $210,000 $418,000
2019 $4,416 $368,000 $123,000 $245,000
2018 $4,416 $368,000 $123,000 $245,000
2017 $4,416 $368,000 $123,000 $245,000
2016 $4,416 $368,000 $105,000 $263,000
2015 $4,164 $357,000 $105,000 $252,000
2014 $4,164 $347,000 $105,000 $242,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2400543

Central Virginia Regional MLS

APN: W-000-0911-030

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