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Offering Bliley's Garage Apartments at Richmond's City Center

Listing was updated at: 05/24/2019
Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center Offering Bliley's Garage Apartments at Richmond's City Center

Property Overview

Price/Rent PSF $ 3,500,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 18,336
Date Available 05/24/2019
Additional URL Link
Parking 15
Floors 2
Additional parameters Show
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Description

Location
Jackson Ward is one of Richmond’s most historic neighborhoods, centrally located at the entrance to downtown and within walking distance to the Central Business District, is thriving with hot local restaurants, arts and culture. and is experiencing an economic renaissance over the past decade and especially in recent times. Located just off I-95, trendy and convenient urban property sits at the heart ofeverything, facing the Richmond Convention Center, across from Medical College of Virginia, Biotechnology Research Park and $1B 10-acre coliseum redevelopment project, taking place 1 block east along with other developments in the process and mass transit system connecting to the Amtrak and other parts of the metro area within minutes.

Sale
Bliley's Garage Apartments at Richmond's City Center was built in 1930 and redeveloped in 2011 to 15 brownstone apartments consisting of (10) 1 and (5) 2 bedroom units. The integrity of its design and construction earned developers the Better Housing Coalition Golden Hammer Award for the region's best and most environmentally-friendly project and the Greater Richmond Association of Commercial Real Estate's Best Multi-Family Project of 2011. You will feel the structurally superior building with original, historic and modern features. Advanced energy-efficient systems, the outdoor patio, large, open spaces, tall ceilings and windows allow for an abundance of natural lighting. Custom kitchens crafted with handmade cabinets and unique finishes add to the industrial feel and and integrity of one of Jackson Ward's most historically prominent properties. Enjoy stable cashflow with opportunity to increase rentable square footage. Opportunity Zone incentives apply.
Costar Dec 1 Article states the arts district is increasing in value, as one recent example is the 14-unit Simon Cycle Building, which sold in May for $2.03 million, or about $135,000 per unit, nearly 10 times its sale price in 2011, CoStar data shows.

Location

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