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Multifamily

2110 Redd Street

2110 Redd St, Richmond, VA 23223

Listing Price: $7,200,000

Cap Rate
1.00%
Number of Units
36
Price/Unit
$200,000
Price/Gross SF
$307.69
Gross SF
23,400

Investment Overview

The offering presents a rare opportunity to acquire NNN asset located in Richmond, Virginia, one of the Mid-Atlantic’s strongest and most supply-constrained rental markets.

2110 Redd Street has thirty-six units. All units are a mix
of two-bedroom and one-bathroom. 2110 Redd Street was built in 1964 and situated on 1.01 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.

Investment Highlights

  • 36 Units: All Two-Bedroom & One-Bathroom
  • Absolute NNN Master Lease
  • 10.22% In-Place Cap Rate
  • 5.5 Years Remaining on Lease Term
  • Fully Passive from Day One

Exclusively Listed By

Financing By

Multifamily

2110 Redd Street

Listing Price: $7,200,000

Cap Rate
1.00%
Number of Units
36
Price/Unit
$200,000
Price/Gross SF
$307.69
Gross SF
23,400

Investment Highlights

  • 36 Units: All Two-Bedroom & One-Bathroom
  • Absolute NNN Master Lease
  • 10.22% In-Place Cap Rate
  • 5.5 Years Remaining on Lease Term
  • Fully Passive from Day One

Investment Overview

The offering presents a rare opportunity to acquire NNN asset located in Richmond, Virginia, one of the Mid-Atlantic’s strongest and most supply-constrained rental markets. 2110 Redd Street has thirty-six units. All units are a mix of two-bedroom and one-bathroom. 2110 Redd Street was built in 1964 and situated on 1.01 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.

Exclusively Listed By

Financing By

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