2416 Barton Ave, Richmond, VA 23222

Northside multi-Family package of Single-Family Homes and Multi-Family properties available for sale.

These properties sit in a fast-growing area of old Richmond that has experienced significant regrowth and gentrification over the last 10 years. You will find many new construction projects ranging from townhouse communities, multi-story condo/apartment and modern contemporary single-family homes. This package of properties offers opportunity to keep all as income property or pick some to turn over and flip to grab some equity to use against any needed financing. All properties are leased with tenants in place but have staggered expiration dates on leases. Existing property management is in place and can continue if needed. 4 Quad units sit together on the same block. All are brick structures, and the units have been updated inside but still offer upside potential on rents with further improvements. Excellent rental history without collection challenges with over 440,000 of annual income. This package is to be sold together, and the owner will do a 1031 exchange.