6533 S. Beulah Road

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Address: 6533 S Beulah Rd, Richmond, VA 23234, USA

Washington DC + Apartment Buildings

Created date: January 19, 2024

Date last updated: August 28, 2024

STABILIZED ASSET WITH STRONG IN-PLACE INCOME: The Property is fully stabilized with the upper and lower range of rents being within 10%. This presents new ownership simplified, turn-key opportunity to immediately earn strong returns in a highly desirable market with strong economic fundamentals and trends.
EASE OF OPERATIONS: The building is separately metered for all utilities except water, and current ownership has begun implementing a water reimbursement program successfully charging tenants a small fee. The net effect being tenants are responsible for all utilities excluding common areas. This simplifies operations and protects new Ownership from the significant and variable cost of utilities.
CONVENIENT TO LARGE & STABLE EMPLOYERS: The Property is located right in the heart of the area’s largest employment hub. With major employers like Amazon, UPS, and HCA Virginia Health System within three miles of the Property, tenants are a convenient commute away from a plethora of job opportunities. New Ownership can enjoy sustained rental demand with the surplus of strong employers located nearby.

Property Description

THE OFFERING: A 24-unit multifamily asset consisting of entirely of one-bedroom units. The Property was built in 1965 and has been recently renovated on the interior and exterior, presenting new ownership the opportunity to acquire a stabilized asset with fewer repair, maintenance, and capex costs.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	24
Year Built:	1965
Opportunity Zone:	No
Property Website	Click Here