Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for The Hill Building building located at 114 Virginia Street Richmond, VA in the Shockoe Slip neighborhood. The property consists of forty-eight units total. There are seventeen studio units, twenty, one-bedroom one-bathroom units and eleven, two-bedroom one-bathroom units, across one, three story building built in 1878, renovated 2015 and situated on 0.27 acres. Richmond stands out as an exceptional locale for multifamily real estate investment due to a combination of economic stability, strategic location, and a thriving cultural scene. The city’s robust economy, fueled by diverse industries such as finance, manufacturing, and healthcare, provides a steady foundation for sustained property value appreciation. Richmond’s strategic position along major transportation routes enhances its appeal, facilitating easy access for residents and contributing to the city’s growth.