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

Sale Details

Date 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

PARK 27 License #0225108723 Listed on: 01/19/2024

Last Buyer's Agent

Christy Bowman

Harris & Assoc, Inc License #0225241207

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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 Community

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2024
Closed on
Mar 8, 2024
Sold by
Bought by
Seller's Agent
Christopher Small
PARK 27
Buyer's Agent
Christy Bowman
Harris & Assoc, Inc
List Price
$749,950
Sold Price
$640,000
Premium/Discount to List
-$109,950
-14.66%
Views
136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,500
Outstanding Balance
$437,316
Interest Rate
6.77%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$640,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $448,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,368 $478,373 $425,736 $52,637
2025 $7,368 $424,480 $382,032 $42,448
2024 $7,189 $416,160 $374,544 $41,616
2023 $6,980 $408,000 $367,200 $40,800
2022 $6,646 $400,000 $360,000 $40,000
2021 $2,649 $59,177 $59,176 $1
2020 $2,569 $58,571 $58,570 $1
2019 $2,405 $57,423 $57,422 $1
2018 $2,363 $56,297 $56,296 $1
2017 $1,889 $55,194 $55,193 $1
2016 $1,820 $54,112 $54,111 $1
2015 $1,751 $53,299 $53,298 $1
2014 -- $52,255 $52,254 $1
Source: Public Records

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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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