MLS#2608932
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
This property is an excellent investment opportunity with strong upside potential. Each of the units are spacious one-bedroom floor plans that have been well maintained. Recent improvements include upgraded common area finishes and kitchen and flooring updates in select units. The building also has a common laundry room for the convenience of the residents. Located on the corner of Chamberlayne Ave & Laburnum Ave, this property offers excellent street visibility and easy access for residents to the building parking lot. The surrounding area is filled with amenities such as supermarkets, schools, and public transportations, making it an attractive location for residents. The current rents present a great opportunity for investors to increase income potential of the property. With some continued upgrades and improvements, the property has the potential to attract higher paying tenants and generate significant returns. Overall, this is a fantastic investment opportunity for a commercial real estate investor. The combination of upside and a prime location make this property a smart choice for anyone looking to add a valuable asset to their portfolio.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Home Style: Garden Home
Lot Size: 0.60 Acres
Roof Type: Flat
Stories: 2.0
Year Built: 1963
Feature Descriptions
Building Features: Multi-Tenant, No Elevators
Exterior: Brick
Lot: Level
Parcel#: N000-1749-001
Sewer: Public Sewer
Topography: Level
Water: Public
Listed By / Shown By
Listed By
Agency Name: One South Commercial LLC
Shown By
Agent Name: Melissa Thornton
Agent Phone: (804) 612-0204
Agency Title: Joyner Fine Properties
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3618 Chamberlayne Avenue | MLS# 2608932
This commercial property located at 3618 Chamberlayne Avenue, Richmond, VA 23227 is currently listed for sale with an asking price of $2,600,000. Search Richmond real estate on www.mlthomes.com today.