VA
Richmond City
Richmond
23220
1012 Park Avenue
1012 Park Avenue, Richmond, VA 23220
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Listing Type
Multi Family
Listing Status
active
3
$1,600,000

Home Details for 1012 Park Avenue

Price
$1,600,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
5283
Year built
1910
Lot size acres
0.061
County
Richmond City
Garage
Basement
Full, Finished
Days on site
46
MLS Listing#
2525663
Property Description

AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 11 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,835 and has been owned for 19 years with 100% occupancy. With high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps from all of the amenities the FAN has to offer.

Property Features
  • House Interior
    • Ceiling Fan(s)
    • Double Vanity
    • Eat-in Kitchen
    • High Ceilings
    • High Speed Internet
    • Kitchen Island
    • Recessed Lighting
    • Tile Counters
    • Wired for Data
  • Basement
    • Full
    • Finished
  • Cooling Information
    • Ceiling Fan(s)
  • Water Features
    • Public
  • Utilities
    • Cable Available
School Information
School Information for 1012 Park Avenue, Richmond, VA 23220
Elementary School
Fox
Middle School
Dogwood
High School
Thomas Jefferson
Listing Courtesy: The Mueller Group LLC - 804-748-5547
Presented by: Teresa Mueller
Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are Copyright © 2025 Central Virginia Regional Multiple Listing Service, LLC. All Rights Reserved.
Last Updated: 2025-09-15 22:00:34
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Median Square Feet
Market statistics compiled from data from Central Virginia Regional MLS.
EXIT REALTY SUCCESS
605 Research Rd. Suite E., North Chesterfield, VA 23236
Jane Renger
Franchisee
Office
804 924 2171
Agent
804 397 9796
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