Karen Taylor - REMAX Distinctive

Description

** Upgrades Unite 1,2,4. Increased rent income to $3740.00 per month. HISTORIC "OLD MANCHESTER" 1300 PORTER STREET IS AVAILABLE FOR SALE! All 4 Apartments are leased, (100% Occupancy). Vacancies are filled quickly. But there's even better news!... This property doesn't have to remain a 4-Family home, you can also re-vamp the entire building, (as Commercial), and change to a suite of offices, (medical or professional); a Pub; Retail Space, and the list goes on and on. All apartments have balconies. A basement for extra storage. Some replacement windows. Each unit has gas and electric. The owner re-did the sidewalk only a year ago. Tenants pay $70 per month for water/sewer/trash. There is construction everywhere in this community. There are Apartment Buildings, Condo's, and Pubs. Right on the bus line. Close to Everything, and only minutes from downtown. Average rental rates in this area are from $1100.00 per month. Put your spin on this Apartment! It doesn't take a genius to figure out with all of the renovations and construction in this area, that this is THE area to own property. Either YOU snatch this one up now or someone else will. Scheduling showings now.

Details

MLS#1715514
Sub-TypeResale
StatusActive
Year1916
Days On Site217

Features

SQ Feet3,348
Units4
Building(s)1

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Attachments

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description

Area Information

StateVA
Zip Code23224
Area60 - Richmond
Listing VS Median (in 23224)
Price:
$525,000
low | high
Med:
$123,003
100% of Average
SqFt:
3,348
low | high
Med:
1,063
100% of Average
$ / SqFt:
$157
low | high
Med:
$117
75.483790264051% of Average
On Site:
217
low | high
Med:
27.5
100% of Average
Listing Updated: 11/19/2018
MLS Number: 1715514
Listing Provided By:
Jo Ann Criss  of  Real Estate Professionals