Multifamily
2110 Redd Street
2110 Redd St, Richmond, VA 23223
Listing Price: $6,900,000
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
Listing Price: $6,900,000
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.