Church Hill Quad Portfolio Investment | 3420-3424 S St
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Church Hill Quad Portfolio Investment 3420-3424 S St
8 Unit Block of Flats £468,688 (£58,586/Unit) Richmond, VA 23223
Investment Highlights
- Updated kitchens & bathrooms
- Separate utilities
- 3420-22 S Street: 2,984 SF
- Washer/dryer hookups
- Off-street parking
- 3424-26 S Street: 2,952 SF
Executive Summary
This investment property is primed for potential growth and profitability. Each unit features a spacious two-bedroom, one-bathroom floor plan, complemented by modern amenities such as central air and washer/dryer hookups. Updated kitchens and bathrooms enhance the appeal, while professional management and minor cosmetic upgrades could unlock higher rental income. The property also features a designated paved parking area at the rear, ensuring convenience for tenants. Situated in the thriving Church Hill neighborhood, which is experiencing a renaissance in redevelopment, this undervalued asset presents an exceptional opportunity for investors to capitalize on a growing market.
*Two (2) quads for sale at $599,000 per quad. Can be sold together or individually. 3420-22 S Street & 3424-26 S Street.
*Two (2) quads for sale at $599,000 per quad. Can be sold together or individually. 3420-22 S Street & 3424-26 S Street.
Property Facts
| Price | £468,688 | Building Class | C |
| Price Per Unit | £58,586 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,936 SF |
| No. Units | 8 | Average Occupancy | 75% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/1975 |
| Apartment Style | Garden |
| Price | £468,688 |
| Price Per Unit | £58,586 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,936 SF |
| Average Occupancy | 75% |
| Number of Floors | 2 |
| Year Built/Renovated | 1910/1975 |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Tub/Shower
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £425,653 | |
| Land Assessment | £172,139 | Total Assessment | £597,792 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£172,139
Improvements Assessment
£425,653
Total Assessment
£597,792
zoning
| Zoning Code | R-5 (Residential (Single Family)) |
| R-5 (Residential (Single Family)) |
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Church Hill Quad Portfolio Investment | 3420-3424 S St
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