Property Description

Prime mixed-use investment opportunity located in the heart of Richmond, Virginia. Totaling 3,968 square feet, the property features a fully operational laundromat on the ground floor, providing stable commercial income. Upstairs, two beautifully finished Class A apartments offer modern, high-end living. One unit is a spacious two-bedroom, two-bath layout, while the other is a generous one-bedroom, one-bath unit. Projected NOI for 2026 is $70,000. In addition to the existing improvements, the property includes a buildable lot, presenting a unique development opportunity for additional residential units or a mixed-use concept. The property is in a Virginia Enterprise Zone, HUBZone and Richmond CARE Zone Ideally situated in Richmond's Northside, the property is surrounded by a wave of revitalization, including new multifamily developments, restaurants, and small businesses, all contributing to the area's continued growth and appeal. With close proximity to downtown Richmond, Virginia Union University, and easy access to I-64 and I-95, this offering is a rare chance to invest in one of the city's fastest-improving corridors.

Property Features