Northside value-add opportunity
3117 Carolina Ave is an ideal opportunity to purchase a fully leased multifamily asset with immediate upside in Richmond’s rapidly revitalizing Highland Park neighborhood. Located just a few blocks from neighborhood hub, “Six Points”, and just a mile from several popular destinations and eateries along Brookland Park Boulevard, this investment is favorably poised to capitalize both on its location and ascending market positioning.
Originally constructed in 1928, 3117 Carolina Ave is a rare “built-as” quadplex asset amongst market peers, comprised of four (4) 2 bedroom/1 bath units featuring spacious floor plans, hardwood floors, central heating/air conditioning, private balconies, and ample off street parking. All utilities are separately metered, including water/sewer, which provides any incoming operator immediate reduction of typical market expense burden for the property. The current owner has also made several improvements to the property over the last few years including renovations of Units 1 and 4 as well as some capital improvements.