VA > Richmond > Howards Grove
Richmond, VA 23223,1401 Coalter ST
See all 11 photos
Richmond, VA 23223,1401 Coalter ST
Richmond, VA 23223,1401 Coalter ST
Richmond, VA 23223,1401 Coalter ST
Richmond, VA 23223,1401 Coalter ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
Fri
3
Oct
Sat
4
Oct
Sun
5
Oct
Chris Jewell

Chris Jewell

+1(804) 937-2442
$ 2,400,000
Est. payment /mo
Save
New

1401 Coalter ST Richmond, VA 23223

14,899 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,899 sqft

Price per Sqft $161

Subdivision Howards Grove

MLS Listing ID 2527845

Style Two Story,Low Rise

Construction Status Actual

HOA Y/N No

Year Built 1967

Annual Tax Amount $13,788

Tax Year 2025

Lot Size 0.594 Acres

Acres 0.5937

Property Sub-Type Multi Family

Property Description

Looking for that Value- Add property in the Richmond area? With this opportunity of a 20-unit apartment, multi-family property (10 bottom level, and 10 upper level with vaulted ceilings). Great for a 1031 Investment property, and or private or off-market investors. Come see this opportunistic and well positioned property, close to the Shockoe Bottom area, VCU area, I-95 interchange. Both short- and long-term tenants with average leases for $1250.00 per month. Owner currently making additional upgrades to units, with upper units having spacious vaulted ceilings. This investors portfolio is an opportunity to increase current growth, and revenue, and over time increase future leases. This gives any investor or owner the immediate cash flow that is needed for stabilization, and the growth potential through renovations and rent adjustments. On site parking and on street parking with some additional parking on the side of the property. With investment opportunities to continue to invest on internal and exterior updates, this property can be a strong candidate for increased NOI and future appreciation, and refinancing opportunities. Immediate area has blend of improved rentals, and properties that are maintained by the City of Richmond. Offering an opportunity for short- and long-term investors, and improved potential for property management all of which can offer increased income, reduced expenses, and long-term tenants for this property. Units have a mixture of window units, central air, vaulted ceilings for different unit layouts.

Location

State VA

County Richmond City

Community Howards Grove

Area 10 - Richmond

Direction Fairfield Avenue to Mechanicsville Turnpike, then take a right at light of Littlepage St. Property is at the corner of Coalter St., and little page street.

Interior

Interior Features Cathedral Ceiling(s), Eat-in Kitchen

Appliance Electric Water Heater

Exterior

Fence None

Roof Type Asphalt

Garage No

Building

Lot Description Corner Lot

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Two Story, Low Rise

Level or Stories Two

Structure Type Drywall,Frame,Vinyl Siding

Construction Status Actual

Schools

Elementary Schools Woodville

Middle Schools Martin Luther King Jr.

High Schools Armstrong

Others

Tax ID E000-0604-015

Ownership Individuals

Central Virginia Regional MLS (CVR MLS)
Listed by Weichert Brockwell & Associate

Let's go take a look!

1401 Coalter ST

Chris Jewell

Chris Jewell

REALTOR®, SRES, SRS | License ID: 0225057639

+1(804) 937-2442

Learn More About This Home

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Chris Jewell, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.