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4901-05 Chamberlayne Avenue
Richmond City VA 23227 US

$750,000

Active Listing ID 1923012
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Built in 1965
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Lot: 0.74 acre
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Other

$750,000

Active Listing ID 1923012
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4901-05 Chamberlayne Avenue The Azalea Place Apartments are located prominently on Chamberlayne Ave in the City of Richmond’s Northside. The building, constructed in 1965, exemplifies mid-century colonial architecture and includes 12 stabilized, revenue-generating multifamily units. Recent capital improvements include new replacement windows, new kitchens and baths in multiple units, and new boiler and roof in 2017. The units are comprised of seven 2-bed/1-bath units and five 1-bed/1-bath units. Each unit has large windows from the living room overlooking the front lawn area and Chamberlayne Ave. Additionally, the property features a distinctive circular driveway along its Chamberlayne Ave frontage. In addition to abundant on-street parking spaces, this unique driveway also accommodates 12 off-street parking spaces. Nearby new construction and recent renovations to existing properties are spearheading much-deserved excitement in the Northside multifamily market. As the demand for housing in the area grows, the Azalea Place Apartments offers a great opportunity to capitalize on this emerging market.

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Property Features

  • Facts
  • Built in: 1965
  • Lot Size: 0.74 acre
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Brick
  • Roof Type: Slate
Listing Changed: 11/5/2019 6:27:33 PM GMT
Source Updated Date: 11/9/2019 6:30:01 AM GMT

Courtesy of: Thomas E Rosman, One South Realty Group, LLC

Listing Source - ListHub

Copyright © 2019 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.